"I was talking to a guy that is big into FO the other day and he tells me that the new IR guy was over in Budapest last week for the meeting. Has anyone talked to this person yet? They gotta want to make an announcement soon on the initial drilling that was supposed to be "encouraging."
We probably won't hear anything from Exxon for quite some time. Any official announcement on results from the fracture stimulations will most likely not come until the fourth fracture is complete and the wells have been flow tested after clearing out all the frac fluids. However, we may start to see some added movement in the share price fairly soon as the first fracture was almost 10 days ago, so any leakage on results from Hungary on the first indications should hit the stock market long before there is any kind of press release. Maybe the fleury of buying by Cannacrap at the end of today was a good sign or maybe just more fun and games by the big brokerage houses???
Regards Paul