oilbaron, significant gas discovery and cash in the bank aren't...

oilbaron,

significant gas discovery and cash in the bank aren't the same thing. This has all the hallmarks of being a major new discovery, however major discoveries and small cap operators with no cash creates a unique challenge.

The reporting of this well from the beginning has left a great deal to be desired. It's the poor mums and dads that get sucked in and the ones in the know, who understand drilling, completions & geology who make the money.

I have no idea where SGC is at with its cash position, but if they're running low now and still have multiple zones to test and this most recent zone turns out to be non-commercial from this vertical well (that was always a likely scenario btw, I know of few (if any) tight sands that flow after a standard perforation from a vertical well), then another cash call is going to see them get slammed.

If this is the case I called 7c the other day, and it doesn't look like i'm headed in the wring direction.

positives and negatives here imo

all imo