Ann: Trading Halt , page-23

By wednesday the well should have blown back all the fraccing liquids and be indicating a good strong and steady gas flow. This will be great news and should be very good for the sp.The gas flow will be monitored for a month or two to determine the extent of the normally expected reduction in gasflow and well/reservoir pressure.This reduction should be comparitively small but will give an indication of how the well will perform over a year, and therefor how many wells will need to be drilled to satisfy various gas sales scenarios.
In view of this I would expect a good run up on the sp but with some definite volatility.The sp could easily go above 10-12 cents within two months, and then later in the year when the picture is crystal clear and the economics are nailed down, then the sp could easily go into the 15-20 cents range.Dont forget the lookalike structure in the same permit as Warro, and if the whole process is repeated we could eventually see a sp in the 35-45 cent range.
This is my read on the situation but I have to say that the performance of this share so far has puzzled me. Maybe everyone is waiting for all 100% of the risks to be removed before buying up big.The risks are being blown away bit by bit as I post this.No guts ,...no glory.
If it is under 4 cents later in the week after good gas flows I will be loading up with more.
Occam