certainly good neRE: RE: and still we go no where. certainly good news, that combined with the other wells to be brought on should hopefully get us past the flat to declining production. I'm still not sure of what the declines are like this quarter but I assume in the 15000 boe/d range (similar to last quarter). Production additions should exceed that... Hopefully.
Again Raymond james is selling today, until they are done moving off the position I feel that PXT's price will be flat as they take away any share strength. yesterday is a good example as they were absent sellers and PXT rallied.
We're a couple weeks away from the Q2 release so hopefully the news will bring the buyers back in.