Any day ...From June 11th nr.....
"Further news will bereleased following the interpretation of the logs. "What is requirednow is the interpretation of the logs, followed by perforation of thetwo formations and production testing to determine formation pressuresand flow rates," Mr. Benson said. "After allowing the cement to curefor a few days, we will be ready to perforate early next week.
"Anoil discovery is what we were looking for, and now the all importantthing to determine is the production capability of the well," he added."
Its been a very choppy ride for the stock since the initial n/r in November/07 and the past few weeks since the startup of the Perceville drilling have been no exception. Posters keep asking what the problem with the share price is; IMO its the same old financing cycle blues. There's a heck of a hangover of paper out there from all the financings to work thru however, a good well producing light crude ought to churn enough momo from the market to get those warrants exercised and put more $$$ in the kitty to keep the drills turning and hopefully put the brakes on the volume of cheap PPs going forward.
GLTA - HJ