consolidation phase, page-3

hi ripped..

imo the market has fully appreciated the share price with what looks like succesful drilling of Schefcik & Webernick.

as we know the market can get bored very quickly when news dries up.

the next well Shefcik#3 will take a couple of weeks.

production testing will still be another week or so away before results filter through.

so the next week or so will test patience of some holders.

thats where i think the share price might soften and consolidate.

the way things have been worded by the company recent drilling seems pretty positive. such as Extensive gas shows..

still it's the gas flows that will put the bread on the table.

as far as a premuim goes, i think the market will wait for the outcome of production testing (Shefcik & Webernick) before they start thinking about future drilling and prospects.

regards