Yes, that's a great show of faith. Something else that might pass by some investors is that Stable Resources coud've simply invested that money into another lease or well, themselves, adding to their own, uh, stable of resources.
Instead, they felt a common stock interest was a better wiser investment. As insiders, you have to believe they know a tad more than we do. If that doesn't 'bout clinch the deal, I don't know what does.
And yes, EDEX has a growing number of leased targets, with plenty of already surveyed locations to test. EDEX goes MUCH further than just two wells, though these two wells, and the N.M more importantly, will be the turning point EDEX needs for the 'move to the Majors'.
Next week is the warm up game, but whether we 'win or lose', the real game begins in N.M.
Obviously, the entry pps for THAT well should be much higher than for this first one, since the pay off is so much bigger, so that is why it only makes sense to load up now.
Grab 'em while the gettin's good.
News 
Market Data 
Discover 
