I see that they have extended some warrants. I see that as a very good sign.

One they are still interested in keeping their people. Presumably the people they are keeping are in the know enough to want to stay so there must be some payback expected sometime soon, ie before the warrants expire again. So to me that is still a positive sign even though there will be some dilution, but that was known when the warrants were first offered anyway.

Also obtaining Tobin and the other gentleman seems to be in preparation for some bigger activities in the future for which their advice and help should produce a very good payback.

The only thing that has me worried is all the testing they are doing in the well without knowing if it is cased yet or not. If they are testing without the casing, and the shales are as fractious as seems to be indicated, it would foolw that the well could collapse at any time preventing production or further testing. I'm sure that they would have difficulty raising enough money for a third well if a collapse were to occur.

Heres to keeping my fingers crossed that all goes well and a positive annoucement comes out soon.

:)