RE:RE:RE:RE:RE:Silence from RECOOk I was being facetious but I have a hard time believing that you can drill a strat well, hit 500 feet of oil pay and no one is going to hear about it. When you tell people you've staked an entire basin that could contain billions of barrels of oil and you drill into a zone that is obviously charged, and everyone in camp is walking around with woodies, how exactly do you keep that quiet ? Oh and they are raising $ 33 million on no news, the stock is going up and an insider just bought $ 700,000 worth of it.
I may not know much about the technical side of oil drilling but I know something about the markets and human behaviour and I think it's nuts to expect people to actually put their heads in the sand and not pressure management to provide answers or they'll find answers using other sources.
I could be wrong but I'll be very surprised if something doesn't leak out by month end.
TurnToTheRight wrote: Goaweight, you are completely wrong. Clearly you have zero experience on the technical side of oil and gas asset development projects. Please don't state things you have no clue about, it spreads misinformation. Strat wells are designed (by drilling engineers) very differently than production wells to optimize cost efficiency, safety, data quality, and schedule to name a few.