RE: 49 North's Allstar drills five wells at Red PhAllstar has 11 production wells, producing 450 bopd, announcement of 18 new wells at Kindersley to start drilling next week, extremely positive news release about there 5 new wells at Red Pheasant and FNR trades 23,000 shares. It really is unbelieveable, just look at POP they announce a well and potential and there stock was trading millions of shares a day for a while while the hype was on..
If they keep Allstar private for awhile might be a good thing as cash flow comes to FNR they could really bolster there portfolio as Tom has been very active lately adding new holdings and adding to some select few while most stock prices are near there lows of the year. Example Fnr bought another 300,000 shares of Goldcliffe last week @.05 which 60% off there high of the year. Looks like there useing there cash wisely.