I doubt the SP will go below 10c if we look at the depth the big nos. come in at 14c. Most players know that within 2 weeks Fracc. begins in the Buffalo lease and the company is upbeat with this lease remembering the results will not be fully known until the 2nd. fracc. 30 days later. Within 3 weeks drilling is to start at the Wolfberry lease and that lease seems to be in the middle of that basin, so I doubt that the sell off is all that strong.
I feel that maybe they sell off a few 3c gifts to raise cash to convert their 5c & 7c options to get the 1-8 as well, and I don't blame them I would do the same but as my first comment they are trying to get upwards of 14c.
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I doubt the SP will go below 10c if we look at the depth the big...
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