Buy Signal, page-27

I humbly disagree Ez. Take a look at AJQ on the east coast. They are being T/Oed by a Chinese company with a rival farmin offer from AEP (North Amercian Fund) with a current price of approx $70 million by the Chinese, or a farmin of up to $250 million by the Americans. They have no proven reserves, nor have the same amount of data and soon to be, flow rates like BRU for its wet/tight gas accumulation. IF.... the Laurel Gas play is fully proven, BRU will either be taken over, or at the least, have another partner, other than Mitsubishi take the helm at a number much higher than the companys market cap. Just need the results as they will do the talking.

As for todays price rise, probably just because the company will likely release an update on everything that is going on if Victory proves to be a duster, which in all likely hood it is. Only had a small chance of success, but for a net cost of say, $2 million it was worth it. I hope they go for 5+ of these targets next year!