Northoil, you are making a lot of assumptions that I think are very shakey. The stock decline and bounce before today have been in line with what has happened with the market and energy stocks, probably influenced further by shorts, and I seriously doubt have been the result of leaks.
I think your assumptions and conclusions about Bobcat are unsupported and probably wrong. I don't know what you mean by, "They've drilled the primary objective", but it is not what the Company said and is probably wrong. They cited logs done at Raptor, and I think would have done so at Bobcat, which is behind Raptor, if they had completed any with adequate results, and therefore think you are wrong about that also. I think they have just gotten into the formation and have to drill ahead and do some logging to determine anything significant.
You might be right about the Raptor drilling being "finished", but they did not say that and I don't think that is definitive. I think IOC has done some testing before without completing drilling.
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I think your assumptions and conclusions about Bobcat are unsupported and probably wrong. I don't know what you mean by, "They've drilled the primary objective", but it is not what the Company said and is probably wrong. They cited logs done at Raptor, and I think would have done so at Bobcat, which is behind Raptor, if they had completed any with adequate results, and therefore think you are wrong about that also. I think they have just gotten into the formation and have to drill ahead and do some logging to determine anything significant.
You might be right about the Raptor drilling being "finished", but they did not say that and I don't think that is definitive. I think IOC has done some testing before without completing drilling.
Thoughts from our experts?