Appears a few people played the arbitrage game selling some stock 7.5c and over, to pick it back up in the March 7c unlisted options. This should be done given t+3...
I am impressed with the results from the Fairway project. Initially they were targeting wolfberry wells which average 50-100 bopd and hoping for a Fusselman discovery 3/10 wells. Obviously it appears the Fusselman is more prevelant on their average and we now have 3x Fusselman producers (averging over 100bopd)from as many wells. Trilogy, the operator now estimates circa 200k barrels of oil from each Fusselman zone ... And then they can move up and frac the wolf berry.
We have East chalkley to come which could add another 100-200bopd net to Target.
Revenue creeping up quickly as disclosed I the most recent announcement, so it won't be long until the market takes notice. Especially with oil at $96.
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