We have just taken the first step into a Discovery. Two wells are not representative of a 200 km sq basin. As Scotty said " this is only early days " We may still find oil as Scotty said that the Hydrocarbon charges are complexed, which is a good thing, through out the basin. Some parts will be dry and some moist. I think there is disappointment over the market reaction to the Discovery. It's just the way the market is right now. Once Interest rates start falling and the economy picks up a bit we will see some gains for small caps.
Ann: Trading Halt, page-360
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Mkt cap ! $110.5M | |||
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