And again, a low volume day.
The only real volume related to this PR came in the 2 - 3 days BEFORE it was released. Someone got burned, you would think they would have learned by now.
My take on it:
- As others have said, need to see the alternative Bellevue COS report, so we can compare its thoroughness and assumptions to the RPS Energy Report.
RPS Energy report is still on EEGC website, new one is not. Not surprising given that the website also has none of this year's exciting PRs posted.
At least the new one has been promised for an 8-K; not sure why it could not have been attached to this one if it is complete.
- Most importantly, no mention of funding for the renewed forecast of drilling and seismic.
- My 'gut' says EEGC is simply trying to create an impression of a lot of activity at (surprise) the same time as they are arguing for lease renewal/extension. (To quote the Bard: 'Full of sound and fury, signifying nothing.')
No-one will fund drilling without that. And to anticipate Black Gold's demand to prove a negative -- so far, they haven't. And in clipso's vernacular, 'seems logical to me.'
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