BCQEC,
Good point, "don't kick the truck till you have gas in it"
I believe the market is at a saturation point with OGIP reports and it's show me the gas time ! The market has seen so many of these reports that they are becoming almost the norm....which IMO is not good. Take the case of Falcon O&G, they get a OGIP report from a well respected company of P50, 44 TCF for their Mako project. Exxon and MOL partner with them and stock shoots to over $4 giving it over $2 billion market cap. Bottom falls out after Exxon says the gas cannot be extracted economically and today FO trades at $0.18. Market has a good memory! Point is all these reports get investors all pumped up.....for the short term but until gas starts flowing they really mean very little.
Don't get me wrong, I'm a huge believer in QEC and expect excellent results from their first HZ well in the next few weeks!
Best to all QECers!
Mikee
