recent gloom, page-29

susan911,we are currently in a position where charts won t help ....if it flows or they have a good gas sample the price will go up .

If no flow and no gas sample its down we go and i feel $4.50 could be possible .

but heres what we know about p1 they got 4 data points that showed there was a gas gradient and they expected it to flow .

with p2 they encounted the same intervals as p1 and i assume the same size given the size of the gross sands plus the montara icing on the cake .core samples and all the tests ,cop decided to take up the options 100 million dollars .

all you have to back up the sp dropping is taking the negetive side of inconclusive ,i feel with all the fundamentals and inconclusive being 50\50 the balance is very much in favor of success, don t you agree ?