Today being the 29/01, we should expect to hear news today or first thing Monday regarding the quarterly report. I suspect that they may announce the results of the frac on Monday.
This may pose a better option to release the quarterly first, show that we are making money (but not necessarily cash flow positive) then hit the market with news of good flow rates. This should boost the anticipation of a cash flow positive quarterly for Jan 10 Mar 10 when they announce these results in April.
All we can hope for now, is that the frac-stimulation was a success because based on the SP and volume for the past week and a bit, we are in OK shape. But it would have been better to launch off from a higher SP (in the 6c+ range).
TEX Price at posting:
5.6¢ Sentiment: ST Buy Disclosure: Held
