More Stella oil than IAE knows what to do with?If well #5 is reported by IAE as being as prolific as the previous 4 Stella wells were described, eg. "with the full production potential of the well limited by the capacity of the well test equipment on the drilling rig" it may be the catalyst necessary to move us to the next sp level which is above the current resistance at $1.29 (the Oct. 15 low) to the next trading level range of $1.30 to $1.50. Should we break into this higher trading band I expect it will be necessary to consolidate and trade sideways for a number of weeks thereafter.
No news is good news because if well #5 had been a duster it would have been reported already as such.
JMHO