I suppose this is why I have never really considered oil & gas...

I suppose this is why I have never really considered oil & gas companies really can be charted(sorry to the chartists out there)or you can get to technical with the shareprice action ...it simply comes down to the prospects/permits/pre-drilling/post drilling results...clearly most traders see Bingham as a failure and interpret that the region has little prospect of considerable oil & gas flowing to surface.

Fact is, if the flow rates show some type of increase during January (as still could be the case as stated on this forum - keep an eye of the amount of water/frac fluid flowing back also..) the shareprice will move very quickly from present levels and run hard as the herd will re-evaluate the entire project.

This is the normal ride with O&G companies at this end of town...if your not comfortable with the risk reward if you dont have stop/losses if you dont have a pre-set sell price you run the risk to lose a lot of money...

I'm sure BOD are not happy with the share price currently (as many of them have a big interest in this company; which I like)but we all are investing in the technical team that is behind the company and strike do have a close association with cypress in the US...these guys know the local scene and I think (my opinion only) that Bingham 1 hasn't reached its full potential yet and I think they are being very careful to complete this one right but are not prepared to rush it...these guys are professional and I'm prepared to give them a few more months before giving up on this one...

Patience requird here atm...

my spin on it anyway...good luck to all