Lonewolf - great post, gave you a thumbs up for that one. I wasn't surprised either that we didn't get much of a rise (if any) today, given that expectations overall might have been over zealous. Either way you're spot on, as investors will just have to sit tight and be patient here. What I do find exciting though is the passage in the announcement that states:
"The Marian Baker #1 well is expected to encountermultiple, potential, hydrocarbon bearing reservoir sections and take approximately 50 days to reach total depth."
We know this region contains strata known to house potentially very high gas shows, so it probably won't be long before the drill bit starts discovering these potential intersections. The share price will then move accordingly.
ps. Razor, thanks for the specific coords for MB#1.
cheers
QPN Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held