FXEN traded 10.5 million shares today

[dan_s]

Wow! This company has only 53 million shares outstanding, so this is incredible volume for any small-cap. Will be interesting to see what happens next.

[wilmawatts]

incredible volume

yeah will be interesting to see what happens next

[dan_s]

For future reference: IMO it is wise to sell at least half your stake in a small-cap when it makes a big move like the run FXEN made yesterday. I have seen it time and time again where there is profit taking the next day, no matter how good the news.

Now I think it best to wait until FXEN settles down and start accumulating it. If they get detailed seismic and drill a couple confirmation wells this year, FXEN could be worth a lot more by year-end. The company owns 100% working interest in this HUGE prospect.

Keep in mind that gas sells for $8 - $10 per mcf in Poland.

[wilmawatts]

Stock running wild again today, wow.

I am going to have to start drinking if this volatility coninues! Nice to see upside volatility today.

[setliff]

the buyers are flocking in again--no news that i can see---anybody else see anything? joe?

[wilmawatts]

Looks like we will need to wait a few weeks until we get an operational update.

Sellers back in place.

Tremendous potential, depending on the test results

[wilmawatts]

Plawce well now testing. Three zones, three separate tests. Lots of flow and pressure data to collect.

Keep in mind Halliburton has a big stake here also - if this works they will be fracing quite a few wells in the area. And the impact on FXEN would be huge. Time will tell. Initial results expected by mid-June, the company presents at an investor conference on June 11th so we may get an update then.