They have serious cash flow problems. Do the maths. The cost of this hole is blowing out day by day, and has grossly exceeded original estimates. Go back and check how much capital was raised last time, and how much you think they could have on hand.
Calculations on profitability at this point would show that news to date is fully priced in, and that these low risk wells are also low return profits. You need heaps of them to make good returns, and talk of this first drill hole being a coy maker are in my view grossly exaggerated. I think many holding shares and posting do not have a real good understanding of the oil industry, and of these American wells.
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