My two cents (now worth $.245)
I saw this investment by Cannacord as extremely positive. There is just no way those guys would have invested at this stage without some sort of comfort that this well is going to be economic. They have to have done some due diligence here. In other words, this well just went another rung up the ladder on the "de-risked" scale. I am guessing here, but flow-testing must have already started. I just don't see why else Canaccord would come in at this juncture. This stock is starting to remind me a lot of old First Calgary Petroleum (FCP). Anyone else remember that one?