re: going for a run I agree 1boy. This stock is volatile and definitely not for the faint hearted. We'll see $1.70 again, perhaps more with drilling success but we will also see 70% pullbacks.
If you have good risk management this stock is richly rewarding.
Personally I think these behavioural characteristics will hold until reserves are around 100bcf. At this point the swings in value will be much smaller.