re: Ann: Drilling Update - Lake Alice Gas Uni... Beetree is just like a rollin stone, a big stone, slow at first but gaining momentum.
LAGU#1 is more like a development well than an exploration well. Using the experience gained from RJ Hunter and the 3D sysmic data coupled with the very encouraging gas shows analysed while drilling, make it already look like a high pressure gas and HC liquids rich strike.
The market is just waiting for proof without taking risks IMO. Wait for the announcement and I'm sure there will be a SP jump.
Emerald and Oso have already earmarked further drilling sites. Lets get to them and we'll see a steady SP rise and rise.
Ann: Drilling Update - Lake Alice Gas Unit 1 Well, page-6
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