RE: RE: PXMI know that you "never know until they TD" but I don't think you are giving this play enough credit. Internally they consider this developmental and fully expect to tie in five wells. If they miss forget about .30......u will be looking at sub .20.
Chalk the lack of enthusiasm up to the fact that these wells will not be barn burners. If, after drilling all five successfully, the stock is beyond the mid 50's I would be very surprised. Happy, but surprised.
The drilling in October, where the wells could be larger, may have a much greater impact. Everyone gets excited with bigger flow rates.
As far as news goes, I would expect them to let the market know that the first well has TD'd and that they are moving the rig. Width's of pay would also be nice.