Closing in on end of quarter and little news from the company on Gulf drilling results. This leads me to believe that they will be on mute regarding fairway drilling until the next quarterly to be released last day of April.
The graph in the last quarterly shows production trending up and I think the market will soon sh*t itself when it sees production move north of 1000bopd.
RBS Morgans said "the second half will need to average ~1050bopd to meet our revised forecasts" and "Given MAD was at ~735bopd production in mid-December, we
believe this is achievable if drilling schedules are met."
Even better news is that the company will upgrade its reserves; not downgrade them sometime this year. Mr market will catch on and $1.20 is possibile in short term.
pay dirt, page-5
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