RE: Management Analyzing all the data and understanding the facts should lead you to one conclusion at this point. Read the posts by M1 and Skier along with a few others make you conclusions but as M1 said, we don't know anything until the company tells us. Everything else is irrelevant. My Thoughts on management are this
1. If ES has missed at both targets and they have known that would not be good. With Jaguar well on the way to a hitwhy on earth would they do that. As M1 said. It's easier to say we missed, take the hit, and wait for Jaguar. If they do this I would have lost some trust in them and their ability to manage information during critical times. I will however remain all in.
2.ES has hit at either or both target zones. They are taking their time to confirm everything and possibly use that data to negotiate Eagle deep and Crabwood. For all we know it could be bigger than that. I don't know a lot about the technical details of drilling for oil but I'm very confident CGX is sitting on a whole lot of it. If they have had success wouldn't it be smarter to take your time and secure whatever is needed to secure the rest of their targets and future, targets with fresh 3D data? As stated by M1, they have till June 2013 to drill another target or the game is over. To me if I hit with ES, why wouldn't I use that to secure my future before its out in public. I would not worry much about stock movement like we have seen if I were planning for bigger moves. Volumes indicate manipulation not failure.
Im betting on my second choice. I would love to hear from some wiser on this board to confirm my thoughts. Would my thoughts on handling a hit on ES be the right way to play it if you were looking to plant your flag in the region and not just settle for a quick buyout. To me this would be the difference in a $10 sp versus $50.
truly GLTA