the six months ahead

Yes, today's announcement kicks off a busy period of activity over the next 1-6 months for SGY.

After spending two years building their Californian asset base and strengthening the company, key milestones happening in November, include;
1. TSX listing
2. Delivery of $6mill of escrowed funds from Candian sophisticated investors for exciting drilling program.
3. Long form prospectus submitted to Alberta Securities Commission
4. Release of the Sproule independent resource report.
5. Update on Paloma Deeps well as it nears TD
6. Operator Zodiac preparing multi-stage frac completion at Bayswater shale oil project (SGY minority interest).

Then in next six months
1. Flow test of paloma deeps
2. Appraisel well at South East Lost Hills
3. Primary production test of existing wells at Kreyenhagen shallow heavy oil project.
4. Steam trial at Kreyenhagen
5. Drill two new wells at Kreyenhagen
6. Spudding of highly promising Tejon Footwall oil prospect


Bottom line- To be the possible multi-bagger, they, or Zodiac, need to get a good flow test.... so with the crude price marching north, and the Candian's now involved, I wouldn't want to be watching for the sidelines!

Good luck to holders.