PT88,
normally a sign that amateur investors rather than instos were buying on open. The close today will be telling.
From what I read, they only added 2.2tcf to an 18mil tcf resource.
They added the words 10-fold- as in relation to their previous 'conventional' resource however their shale has always been the major asset.
IMO this announcement won't add much value, need to prove the fracking process and release fracced flow-rates that are positive to move forward... considering E2 was stimulated a month ago and flowrates haven't been released, explains why it fell so low in the first place.
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PT88,normally a sign that amateur investors rather than instos...
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