smells like manipulation, page-5

On re-reading it appears that the last zone has gone through some initial testing. They state they are monitoring it for pressure build. So it is largely complete. However, why not wait until all results are in. They havn't exactly been rushing to keep us up to date on developments so far.

I am contemplating selling out. Really I was banking on the straight to production story.

On the other hand, perhaps this was always unrealistic. Does anyone know how often proven commercial O&G finds flow on first drilling ? I imagine in most cases you don't hit the spot straight off the bat. Then there is potential for fracturing and stimulation. They mention there is potential to use the existing FP#1 well bore to drill sideways. The wording also indicates that the testing has not produced commercial quantities "thus far". So I am thinking it might be a premature dummy spit on my part to sell now.

I think the best we can do is try to assess actions and motivations. I prefer fundamentals, but technicals are telling us people are buying up big at 1.7c.