DDD I used to very optimistic about Jaws believing that if the rate of gas from any particular area was constrained then they could carefully build up the total gas release rate to a very sibnificant rate without the problems that they had at the end of the last year. I think that is what SN is still trying to do. What now concerns me is the lack of information on Jaws which is being supplied - particularly as they are getting to, or have now got to, desorption pressures. What really threw me of the cliff was the timing of the CR raising.. Not to be outdone by SN's 4 year old daughter I knew that a CR was inevitable. However, if they done it after some very positive news on Jaws my feeling is that it could have been done at a very much better rate. So why did they do it when they did. A simple answer is that the no longer have much faith in a good Jaws outcome. I hope that I am wrong but am no longer holding my breadth.
STX Price at posting:
19.0¢ Sentiment: None Disclosure: Held
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