TSXV:PAN.H - Post by User
Comment by
littlejoepton Jun 17, 2006 1:16am
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Post# 11001974
RE: Where are the results from the first 2 holes
RE: Where are the results from the first 2 holes If they were wanting to promote the stock, they'd test right now. (weather permitting) Hopefully, they'd have good results and could pump the price up a little.
Or they could take the other approach: Have the attitude that if they run the co, the stock will take care of itself. They're committed to drill 30 holes this summer. I anticipate an 'assembly line' approach--one after the other with location building, drilling, testing--and, where warrented, completion. This is the approach that makes most sense anytime--and esp now, with gas down and costs outa sight. From my visits with them, this is the approach they are taking. If it was the other, I would be outa here---I am interested in co's that are taking an honest shot, keep their costs down, and are trying to build something, not ones that are trying to pump and promo paper.
It is my understanding they have at least half the wells permitted and could drill as early as next week---but that it is still wet.