From the News ReleaseIn the opening paragraph of the news release: ......."The recent level of activity in the play continues to be a positive sign fromindustry that there is significant resource potential in the fairway."
This statement alone should tell us why news is so vague. They are not required to give detailed information so when they don't, then it actually works in our favor. I wil say it again, This is a Grass Roots Play and there is still a lot of interest in lands from the Montana border to as far North as Claresholm. Everyone is on Tight Hole Status and being secretive as to what is released. The fact that they picked up the acreage adjacent to Spring Coulee speaks volumes.
Don't let low share pricing get to you either. There is not a single stock that isn't immune to some manipulation. There are holders with volumes of
.05 cent paper, so with them selling at these levels only means that they will accumulate more at lower prices when they get it down there.
Too many questions unanswered at this point. The well produced 220 bbl/day "on clean up and swab test". ?? That has no meaning. Are they using the working tubular string and what size is it? Is the well choked to mask true flowrate or production potential? My opinion is that the reported production rate is low because of the "tight hole" status and no one wants to show their hand until they all get their land positions in place. The nicest piece of the news was to hear of more land in the play and adjacent to Spring Coulee. That is BIG!!
We wait! Pick a spot to buy more. This is going to go well for shareholders, in my opinion.