Yep, my mistake. I meant to say June. As far as earliest....that is darn hard to figure.
Like the analysis states, if they pass through the first 3 targets, and they are all dry.....they may stop drilling, plug, and move on. IN that case, the news may come earlier than expected. No analysis needed on Dry wells.
I don't expect the well to be "dry", and DO expect hydrocarbons, and actually Oil in the well. Hydro-carbon signs should push them to drill to total depth, and require time to analyze exactly what they have at each Target reservoir.
Basically, if a PR comes out before the end of the month, it will likely be negative in my mind. If nothing comes down prior to July, then the outlook becomes more OILY in my estimation. They have something to analyze.
The longer we wait, the better the potential result in this case......pending delays obviously. NO early news, is good news.
Hope that helps.
Van
'THE VAN'
