You are correct that Stream has not performed well. Many/most junior oil and gas stocks have struggled but Stream is definitely a poster stock for lousy performance.
So is it time to give up and run? I don't think so. There is still very high risk to the stock. The company MUST figure out a way to drill the horizontal in 2013 and secure a real buyer for their upcoming ngas production. Demonstrating that the portable generators work and that Stream gets good prices for their ngas while the generator company makes money from the electricity would be a good start.
Ongoing improvements in production are also mandatory. The jet pumps should ensure that the qtr ending 11/30 shows improvement with more in the qtr ending 2/28/13 showing all 6 pumps installed and operational.
It's frustrating but Stream should move up as they execute their business plan.