peed off or peed on i hope this team can pull a rabbit out of the hat on this one. a broker i use put me into this on the basis of team and historical production bordering the current claim. if this stock is going to survive after their consolidation they better come up with something juicy and you are probably right that they didn't find what they expected. but in the same breath they are heavily invested in this drilling program themselves so changing drill sites might be the prudent thing to do.
i hate stock consolidations and have never come out on top of one and from my personal experience it usually plays out to be a swan song for the stock.
right now i'm keeping my fingers crossed and thank god i'm in with upside from another golden triangle play and i'm in pretty heavy so i hope my guy is right. my guy said we probably wouldn't see anything (ie: profit) out of it for a few years. on that point i hope he's wrong about the years.