RE:Smells like another BRE-X You are wrong. Recaf has drilled only stratigraphic wells, not exploration wells. Seismic follow up will, along with downhole info from the strat tests, determine the location for the FIRST exploration wells. Ghawar field in Saudi Arabia was found without seismic as was Spindletop. The company is doing everything in an acceptable and careful manner for a virgin basin. In my opinion, the stock is sinking as traders exit because there will be no incremental news of value for many months. I sold some on the day of the non-announcement. Hoping to buy back lower.