Good News & Bad News...IMO, bad news is that something's probably leaked out already... Good news is that it must be something good!! 1.5MM+ shares traded so far today and looking bullish. Wouldn't be surprised if we close at
.09 or even higher.
The precipitious drop following the results from last fall was overkill. IMO
They've probably finished processing the 2D data and have confirmed or delineated the sweet spots of the trend in the areas where they have a land position to drill.
This will provide direction for future drilling locations to ensure they get sustainable and economic rates. There is no question the area is oil charged. The question is whether or not they can access the sweet spots that will result in economic production rates and expected recoveries.
I think we'll see new drilling locations on trend announced shortly..
If you're on the sidelines on this one, you may regret it if you dont take a position soon. But don't take my word for it. Due your own DD.
Good luck to all