Pantheon Resources - US Gas Play

As ever there has been a complete over reaction in the SP.

These AIM oil stocks are amazing. Take EME, they were driven to 95p on 3 gas shows on Sugarloaf well. Because the testing rig is not available their shares have since fallen to 60p, the gas shows are still there but the shares are a third cheaper now?

No-one knows the outcome of Plum Deep but it could still prove commercial, question is are the shares a buy. Upside verses downside?? Downside I suspect short term 90p upside on success £2.50 IMO.