Well, the next target I was looking at was a 7 cen

Well, the next target I was looking at was a 7 cent tag in July, contingent upon Belize. Obviously that did not materialize. The 20 DMA is about to start trading below the 50 DMA, which is usually the confirmation signal of a change in trend. However, price is trying to get above the moving averages again after having a series of lower closes. This obviously comes on the back of our surprise project, Mitchell 1.

In other words we have 3 wells now online in a row. It takes two data points to calculate a trend, and the trend right now is that we are bringing wells online in Tuscola. Of course, we have to wait on the production data, but this is progress that will be reflected in the charts.

Next up we have the two Stockton wells, and that will soon make it 5 wells online. Then we will get Standard and Murl and that will be at least another two.