Is it the apparent lack of oil that's caused the price drop?
Seems to have been some insider trading going on anyway, with the drop before the ann. I figured bad news was coming but the ann looked good. 40MMcfd is a great result.
But the price is still down, so what's going on? I can only think maybe the market was hoping for liquids and only got gas.
It also is odd they didn't flow test it. I know they are trying to save money after needing to redrill P3 but we all know what they say about assumption being the mother of all you-know-whats.
Thoughts?
Is it the apparent lack of oil that's caused the price...
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