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Message: Results

Results

posted on May 08, 2008 04:18AM

I´m trying to not be negative. Here´s how I see it:

We´re stuck with some poor wells. They MIGHt be able to bump up the flow rates, although how the can ¨exponentially¨ do this, I haven´t a clue. More knowledgable posters can maybe explain. More work, more equipment, and more expertise are needed to do this. They are going to drill 2 additional deep wells, and up to 20 more shallow ones. Thus far, the elephant has eluded them. This is going to be very expensive, and very time consuming. I would have to think that share dilution is inevitable. So we´re still holding stock which is speculative, with a sp that is stuck or going lower. Now, this might be an excellent stock to have a bit of, hoping for good numbers down the road. If we don´t get beaten up too badly today, I´m going to sell 1/2 of my shares and look elsewhere to invest. I´m not saying it´s a bad stock, or company. But it has not justified my holding it for 18 months.

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