There is a whole spectrum of possible interpretations to the press releases so far, and that in itself is sub optimal, but:
To interpret AUS II with a flow of 70 BOPD (despite all its problems, which I acknowledge) and needing a pump jack installed as a positive???
To interpret the fact that Gretel is flowing back only water, with no shows of oil at all as a positive??
I, like everyone else here (well almost) am a holder and want this company to have success. But if people are honest with themselves the news we have out of FPECK so far, albeit inconclusive, does not look positive, it looks grim.
Some posters have written, in great detail and with great research how this news may indeed be positive, but it relies upon a low probability interpretation, rather than a conservative one. I don't think being conservative in my interpretation can fairly be described as being "naive"
I will happily post a video of me eating a hat if we get decent commercial flow rates out of the two wells above. So Ive put my money, and now my hat, where my mouth is.
SSN Price at posting:
11.5¢ Sentiment: LT Sell Disclosure: Held
