Has anyone noticed that both Kookaburra and Stanford have announced private placements of 300,000 and 138,000 share options respectively to their own boards of directors, in the last two days?
Why do you suppose they choose one week before the TD of the critical Bellvue #1 well to do this?
Is it possible that the, quote, "encouraging results" reported in an earlier press release are actually "produceable results"?
Is it also possible that drilling all the way to the prognosed TD, at great expense and risk of fouling uphole potential, is happening because the Temblor sands are as porous and oil laden as was hoped?
KOB, SOG, BKP, ELK and POU have all gone up in the last few days.
What surprises me is that PYR Energy (PYRX-Nasdaq OTC), with very few shares outstanding and a 10% piece of this pie, has gone nowhere and traded miniscule volumes. Ever since PYRX's drop from $1.00 to $0.50, and KOB's rise from $0.10 to $0.40, PYRX has the potential to outshine all other partners in the East Lost Hills play.
Stay alert folks - the game is on. |
