They are sitting on a "gold mine" just a matter of time, once Merlin-1 is "proven" from the sidewall cores that will give the stock a boost, don't know how much because I don't know where they will announce it...if only on their website, not much, if they can manage to get it out on MSM, then a significant jump, once they review and remap the reservoir based off Merlin-1 results, there could be some significant buyout interest I am sure...basically we are in a "holding pattern" until they announce results...I am excited and actually more interested in the NMR logging results (Nuclear Magnetic Resonance Log)...would love to get my hands on that log...
I originally thought they were working of 3D Seismic as well, but it was only 2D...they should get a 3D seismic done this winter across the areas of interest once the logging data is reviewed....this would really pinpoint their next well site....and also verify IF they should re-enter Merlin-1 for additional data and flow test....
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