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Retail takes a pause here to digest #3 and waits f

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Post# of 39368
Posted On: 05/14/2013 4:22:31 PM
Posted By: TheCEO

Retail takes a pause here to digest #3 and waits for #4 and the 10q!      It is my understanding If we just get approximately 40bpd  from Mitchell's 3& 4 each puts us into the black for payments and costs coverages ... Once that news becomes official then we see .02's.... If we get anything substantial worth pumping on 2 of the next 3 wells IMO we will have a trend here the things that business prospectus's are made of.


Retail people that chart in pennyland may hop back in again if we break into the 2's by that 20 Day oscilation around the 20th to labor day area from our initial legs up near subpenny otherwise we could retrace.  I feel all this retail has been 80% from us longs on the board with a few lurkers ! It appears the line has been drawn for now in the sand at .015 as I predicted.   We just need for Treaty to now tell the world VIA the 10q and SEC news feeds the benchmarks as we pass them then and only then can we snag some legitimate outside interest.  It will likely take a Super Strike or a bpd overall around 1000 to snare the biggest of the big whales.


If and when that day arrives the sky will be the limit and we can talk about retirement for us all   As always IMO


-TheCEO-



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