If you were really confident the price was going up by June

[admin]

Pretty gutsy.

Well, yes, but on the other hand, one could argue that all it takes for this to deliver meaningful profits is one (out of three) wells hit something significant (preferably the first one) and the general market sentiment staying benign.

That is doable. I would be surprised if we hit nothing, although assessments about probabilities have differed here quite a bit.