Latest Canadian wells I show the last wells drilled in Canada were late 07. A Hays well lic'd 11/26 was spudded a few days later and it shows up as drilled and cased. A one km deep hole that would match the depth of the other Hays wells....was this a Sawtooth test? Not sure.
The second was a bit strange if you ask me. Lic'd Jan 10 and it shows as drilled and cased at Leahurst to 1300 meters. The strange part is there isn't squat around as far as pipelines. Another orphaned well? Sitting out there by itself? A gas well out here is another Jaslan in the making, waiting for any cash flow. If it oil with no saleable gas then that makes economic sense for the company. I suspect it is a natgas well.
Maybe the next press release will shed some light on this.
Regardless, you got to think if gas prices hold north of $9 this stock is really cheap and sooner or later one of the prospects will surprise on the upside. The potential is here for a three to five bagger in a couple of years.