Today news is extremely signficant and with oil encountered of...

Today news is extremely signficant and with oil encountered of 800 feet and net of approx. 280 feet section. ERH hit +140m oil and it ran from 15c to as high as 70c. A few things we need to consider here:

1/ It is probably best to avoid comparison between SEY and SGY as this might discourage holders/buyers to sell down SGY in favour of SEY..... and flow on effect is both shares got sold down as what i can observe during the last hour of trading on both stocks.

2/ I would prefer constructive post on potential reserve calculation/guestimate, also the potential flow of production as this is critical to the values of both SEY and SGY.

3/ Given that both companies will now own an extra 200 hectares adjoin the nesbitt lease discovery, what is the chance that the Nesbitt discovery sidetrack all the way to this new tenement and potential upsize of reserve???

So what do SEY holders think of potential oil reserve and production and price target for SEY?

Disclaimer: i bought in today, and certainly believe that SEY still too cheap for such a discovery.