once they get 1 mmcf - its game on, page-7

I think you are on the money there Red . The sheer audacity of the directors to ask for so many options in the money can mean only one thing. The ship is about to 'sale' - they will surley announce production figures on some significance ( maybe even as much as 1 mmcf) in the next few days to take the wind of the sails of any criticism of the option allocation. They would want the flow rates to keep increasing up to the time of voting. so expect weekly updates with increased flow rates . So if they announce 1 mmcf on say Monday - it could grow to 4-5 mmcf by the meeting.
Where does this take the shareprice - 7c - 10c would be my guess as sentiment will change quickly as once you know how to get 1 mmcf then 4 mmcf time is all you need for the rest.