So what? It's like DBelmont said, we're winners in the end IMO since it looks like the risk is almost all behind us. I think the only dilution will be from the merger, but even if it isn't, I've seen other drillers dilute to keep drilling and the stock price is only set back briefly, then comes back up to previous levels. The PPS is on the rise at a good pace tho and to me that implies that financing is in the works. Happy shorting, or should I say roasting? Oh yeah, ditto what Popo and Eicolo said.
There must be some risk remaining or the pps wouldn't have been down. If we have gas and the quantity has been estimated from post drilling tests, is that less accurate than the post drilling tests on an oil well? Does anyone know the risk remaining in comparison? Does the fracking have to be done before we know if it's even commercial quantities?
