I'm not reading this announcement as bad at all. They've given us consolidate information of what they know.
If you read it again, they're still drawing drilling fluids and have decent rates (considering Birch will have its stroke rate increased to draw 250-300 BPD and Pathfinder is currently pulling 600 BPD). As the announcement says, once they've finished drawing the drilling fluid, they'll provide the IP rates.
Premature selling by traders. I think RC will announce the company has achieved his 500 Squared program. Things are looking good as far as I'm concerned.
Pathfinder has produced 600 BOD in the last week - money in the bank.
Cheerio, sw3
AKK Price at posting:
2.5¢ Sentiment: LT Buy Disclosure: Held