I think the price wind-up before the next news release is starting to happen. That is why the the extra 2 -4 rigs news was leaked out to give it a beginning point. It certainly at a minimum allows lots of speculation. The increase in shorts seems to be a prparation for the next news release to drive the price back down. Lets hope that the build up is bigger then the drop off. The density of the volume has also increased which surely are signs of interest.

If the rate of news releases stating the findings of the drillings keeps up with the last two releases then we are due another update on the drillings any day now. Likely Mon or Tues.

Certainly makes for interesting times.

:)