The company's broker believes the current action is in complete control of the daytraders who want the quick buck not the big buck.
The company's program is to:
1. go for cashflow - similar statement to that made by Walliska (not rocket science though).
2. at 20-50 bcf in THIS well, the company has the acreage to sink 30-40 wells, which would take the prospect to 2.5tcf or so. This would result in a massive upside to ANY price paid by any holders to date.
3. the company is targeting a find of company making proportions with a capital "M". They are taking their time and have hit a few hurdles, but rome wasn't built in a day.
4. Institutional investors that are in are in for what they already have, and of course are hoping for a little cream. They are experienced in oil-gas exploration and have run the ruler over the company. They do not expect a 20 bagger in a matter of days!
All in all, still positive, the announcements although sloppy are not negative, I hold for better days!
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