http://boereport.com/2015/01/23/oil-well-tests-that-spike-stock-seen-as-misleading-to-investors/
Well, duh! Anyone that made a stock trade based on a 24 hour test report should not be picking stocks. I don’t even think the 30 and 90 day IP reports are reliable as a gauge of long term performance. However, I have noticed the companies powerpoint presentations they release are slowly becoming a little more balanced.
If you want a good laugh, subscribe to Google news alerts on penny stock E&P companies. They issue a press release every time the rig crew sneezes.