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YankeMike

03/15/10 4:10 PM

#205228 RE: TennesseeOilMan #205227

Official drilling results have not been announced yet. That is the hard news that is expected before the end of this month, as well as a commitment to Phase 2 drilling.

Mike
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redinvest

03/15/10 4:19 PM

#205231 RE: TennesseeOilMan #205227

Tennesseeoilman, there's a couple of reasons the pps has not headed north. One is that we have a group of flippers, that flip up to the last second. We have another investor that sells alot on good news and stems some rallies.

Hard news of favorable drill results, piggybacked with a Phase II drilling date and a rig to boot should have enough firepower to bring in a new audience, which should, in turn, flood the flippers and anyone on the short side.

JMO

Red

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vineseeker2

03/15/10 5:21 PM

#205242 RE: TennesseeOilMan #205227

In my opinion, news released from the operator or other entity about exactly what they found. So far all we have is rumor and spectulation. Anouncement of commercial find and/or phase two investigation. Anouncement of second drill ship lease, any of these events should give investors something besides dot connecting to value their investments.