The stock has risen quite a bit since the first of the year, so I think much of this was baked in already (keep in mind that we already knew the production number, more or less, from the December PR). Also, there is nothing really surprising- good or bad- in this PR as far as I can see from a quick read, so I wouldn't have expected a big pop. The Maverick well #s continue to disappoint- seems like they haven't quite figured out the secret sauce in that area yet. Palmetto looks great but that is the smallest holding.
Heh Kanchatka, I just got back from fly fishing the Ozernaya. Great trip. Just my opinion but 4,500 bbls./day from16 active wells in the Palmetto area with 50% WI, 3 wells in the Marquis area with 100%, and 12 wells in the Maverick area with 100% that are below average, means that the wells that have been completed and waiting on hook-up will drastically increase the production. At least 7 in Palmetto with 50%, 6 in Marquis with 100% that should average close to a 1,000 bbls/well, and 2 in the Maverick area. They should easily double the 4,500/day by June. With rigs running full time this stock should do really good.