A good comparison is 88E and SSN at the moment for forming a view on the irrationality of the market. One is producing cash and the other raising cash. Market caps were similar before the CR ann for 88E (no stock held)
On the Ironbank 8 I noticed on the 17th the report also included that the Well was released from "Tight Hole" Status. See ND 071715
Also interesting on 21/07/15 report I shows corrects for a different well so it is possible the change from tight hole to normal has resulted in a change in permit?? only guessing though to consider possibilities.
ADDITIONAL INFORMATION:
From that 210715 daily report it shows:
CORRECTION TO 7-20-15 REPORT: NO PERMIT CANCELLED FOR #28911- PERMIT RENEWAL ONLY. Please note #28911 is not Ironbank but the well it refers to was not listed as cancelled in the prior days report.
All my opinion only DYOR,
Cheers
Ann: Operational Advisory, page-36
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