Oh My I should of known back in September when the last hole was drilled and the private placement closed, someone came on board and said that we won't see any results until the New Year January 2012, they were right, this was because of the 4 month holding period on the pp, he or she was in the pp to be right on this one.
They hit oil on all 3 holes, all in different areas in south east Saskatchewan and if it wasn't for all those who were brave enough or stupid enough to risk there capital on this stock that has been a sleeper for the last couple of years, management would not of been able to pay for the cost of this project and maybe put all three into production with more land and more drill projects.
My guess is that privately someone said to these people if we hit and things are great we will wait the 4 month holding period to show results and everyone will prosper.
Not much interest into this stock of late, just someone unloading a few share's here and there, hold on to your share's for now, management would not spend all this money to fracture the 3 holes if they were thought to be duds, soon these prices will be gone and we will see new highs in 2012 which should be exciting for anyone who has been patience with this stock.
Get your shares while they are still cheap.