To recap:

Last week a strong breakout run and no sell-off - up 100% from Fri Nov 27th close of .30

This week: news on drill hole at Rooney Project: projected 200 BOE per day on estimated 500,000 reservoir, stock price hold up well, still no sell-off

News soon (next week?) from Wed news release:

They are going to be drilling more wells on the Rooney Project, from Wed news: "...offset drilling locations are now being engineered and selected on the Rooney lease and the engineering team will be proposing the full development plan shortly."

So they are adding to production - this one is a no-brainer

company projects an increase in revenues of 15 X to 20 X over the next 24 months

o/s = 23,749,000

price range now (after last weeks breakout run) .60 - .63

This will trend higher over the coming months