Upcoming announcement, page-4

I did have a good break mate, thanks - hope you did too.

We are decently positioned with cash in the bank, unlike some other producers. As you say, will be fascinating to see what we do with the cash. Even if we don't look for an acquisition - will we drill more wells in Capitola any time soon with current oil price? I also wonder what the outlook is for the oil price and what our margin is per barrel (if any) at current prices?

Lack of news flow is also interesting - are they being prudent by not making announcements whilst the oil price is falling, are they waiting for all three wells to be completed before next update (should have nearly happened already anyway), or have the current wells not delivered to expectations?

I'd love the following announcement:

Mahaffey and Hope Boles completed successfully not gushers but 100bbl/day
Mccain completed succesfully and she's a gusher (more net meters of shows) >200bbl/day
We break even/only lose say $5/bbl at current prices but expect prices to stabilize and have a strong balance sheet