Schaefer continues, “The Bentley well is spudding
early July, with initial flow rates expected to be reported
in mid September. On a well that independent
consultants give a 90% chance of success, I hope the
stock would be trading $3-$5 at that time.
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That would certainly be a nice jump from the dollar range.
I was kind of hoping it would remain under a dollar until mid June so I could get enough cash to pick up a significant bunch.
I never like to get too optimistic about any investment, but this play has so much going for it that I find it hard not to want to have as many shares as possible. Especially at this late stage in the game.
Cheers,
PW