Good news. I think Elguido is right with the timing. However hope the drilling takes place much earlier than late 2010.
Very suprised/dissapointed the sp didn't react as much as I'd hoped. The market conditions have a large bearing and I guess while it's news it's not really "we've found oil/gas" or "we have picked our farmin". Even CVN can release news of more oil finds and the market goes ho hum.
Still had hoped for a better reaction of at least back close to double digits. Maybe we'll get that by end of year.
update, page-11
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