RE:RE:RE:DrillingCorrect....Speed, and 2 or 3 shifts, drill rate mean nothing. Even reaching TD means nothing accept maybe a news release saying just that and possibly a timeline on the move to the next location. Need to watch for things like logging data being sent to head office and cores arriving in Houston for analysis. Along with seismic data. These should be up ticks for the stock. But do not expect formation details…. That is not how it works.
Consider what they are doing over the next 2-3 months as a mapping process…. Once they have the logs and know the strata from the 2 wells, then combined with the seismic survey things will get interesting. If they move the location of the 3rd well after analyzing the info you will know they are going after something. Then watch out.
If you do not have patience you need to fine another stock.