RE: CANVIKINGCanviking: you are correct that the increased pore pressures, temperatures and other logging does not guarantee a commercial well. That is not what anyone has been saying here, however. All that's been said is that Noval did not know 3 weeks ago the success or failure of this well, and his sale was reflective of a prudent financial decision rather than inside information on the success of the well.
Anyone with half a brain or more knows there are risks in drilling a well. None of the news to date has been bad. I have a very strong feeling this well will be producion tested and there's no evidence to the contrary at this time. If it's commercial, we go up to maybe $10.00 CDN. If it's non-commercial, drop to maybe 1.50-2.00. Of course, good news from Ladyfern will strongly mitigate any downside risks.