RE:its just a matter of drilling nowIf they just have a little bit knowledge of oil & gas exploration they are far away from drilling.
They shot just one 15km long seismic line based on the airborne gravity and electro-magnetic survey they did in 2012.
This is little bit more than nothing. To get a propper clue about what could be below surface they need more lines, minimum one, better two parallel to the first one (left and right) as well as several lines crossing the two or three lines to build a seismic model, to identify structures, migration pathes, oil traps, maybe even seals .
It would be nice if management could get to an end dumping shares and diluting the stock with private placements, instead they should start announcing what they did all the time since last summer, what's the status of this ominous deal with Vector which is still pending and what is their schedule for the next 6 to 12 month.
Otherwise the stock will be tanking further on. It already started as I said before after the pump & dump show was finished. In Frankfurt it is below 10 Cents again, hello 8 Cents, 6 and less are on the horizon...
At the TSX same game. Funny to watch how somebody always tries to keep the shareprice up on low volume...