Solid dayAnd hopefully the beggining of a surge upwards.
Personally I don't think they should be drilling any more HE targets right now. If there is a very high probability target to hit a 3rd revenue generating light oil well then that could be considered. Very straight forward drilling (literally) and can generally be done in 10-15 days for limited cash expenditure.
Still though I wouldn't drill anymore right now and conserve cash from the two optimized wells back online.
There are many more HE targets in the area which I'm sure will yield commercial amounts of HE like the 15-25 but production IMO is where the focus, money and effort should be put into the new year.
They have their lateral which hopefully hit 0.8% or greater but we will have to wait for the flow testing on that.
IMO there is no point drilling any more HE targets. If they do then I feel this is more of a proving the assets in an attempt for a buyout and or strategic partnership.