Technically, yesterday was huge in that the 50 dma held....and held on solid volume. Notice the bounces in ALRY and NVMG yesterday after they've gotten pounded and one COULD assume/hope that HEMI will do the same on Monday.....we shall see....meanwhile, in looking at STXX mkt cap vs. Hemi mkt cap they are at $88MM and we are at $16MM....we're no them, but we should be half which would be back in the .80 range .....but we need a PRESS RELEASE like this one from Thu at STXX....not an email from the CEO to a chat board.....BRING IT ON KEITH!! South Texas Oil Company's President, Murray Conradie stated, "We are very encouraged about the positive results from this first well in the new discovery of our most recent acquisition. The well has two significant pay zones with initial production coming in at 400 BBLs of oil per day. The well has been choked back and is currently flowing at approximately 200 BBLs of oil per day. There is an additional pay zone in the Austin Chalk that is behind the pipe which we feel will produce similar or greater daily production rates."
"This new field holds the potential for over 100 new wells although our royalty interest in the first well is approximately 12%, the majority of the field is held at a 65% royalty interest to the Company," continued Mr. Conradie.