posted
I received an email a couple weeks back about this company. I have done some basic DD, and it is looking pretty good. Share count is pretty low (~190M)with insiders owning a majority (~120M).
New developments include a number of wells in Sask. CANADA in an area of shallow Oil & Gas reserves. This means, it can begin producing with minimal driling expenses, as compared to some of the deeper well areas.
I have been watching the action on this the past couple days and it does look like a good buy and the Level 2's are very thin on the ask. Right now, the L2's have 3 on the bid at .08, 1 on the ask at .09, 1 at .10 and 1 at .15.
It has run from .08 to .22 a couple times, and with some news, it should easily do it again. I have taken a $1000 position at .08, and will wait and see.
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