RE: RE: Don BainI expressed to Don in an email today that I would think that its better to put out an early news release if they have oil on their drill bit. The reason for this is they will get a pop in the stock. Then when they announce the results from the loggers then we could get another bump up in the shares. If we dont have good numbers with the loggers at least they can say we have oil here we just need to do more seismic studies to find where the fault is given that we have drilled at A B and C and there are samples of oil here.
The stock would not sell off if they say we have something if the hole is not productive enough if they approached it this way as there is still a second hole to be drilled yet. Just my opinion. Not to mention this would be good for their shareholders. Generally companies will just go about their business and forget about the shareholders. In NOG's case they really want the share price higher as they are going to need to do more financings at higher share prices in order to fund more drilling and more wells without relying on the 10M Line of Credit.