I see two scenarios, not necessarily mutually exclusive, driving the pps higher. In the first (ongoing) case, there continues to be a series of positive events: TECO announces Mitchell 3 results, wins the BK, initiates work on the Standard, announces flow on Mitchell 4, announces more West Texas plans, pound, pound, pound. In this backdrop, with all the mojo we could collectively muster in the wake of the court case, the last hour has seen a 5K block traded at .019 ($95 worth) and the MMs putting up a wall of 1M+ between .019 and .020. This is all well and good, we’ve all learned to be patient – it’s the direction, not the speed – we’ll get there.

But, somewhere along the above timeline, Belize is going to hit. I can only imagine how many times management has reaffirmed their decision to stay the course, in the wake of heavy pressure to pursue an exclusively domestic agenda. They have 200,000 dry acres (just on the Princess concession) with many, many more drilling sites standing by, they now have SJ3 TD, and the GOB is now on our side. SOON can now be estimated in days, not months. This will cause the Big Squeeze, and we saw its aborted potential in Jan 2012. The Mitchell flow spreadsheet is fun, but I would love to see the Belize which-day-is-it-going-to-explode grid!