As of March 31, 2008, the registrant had issued and outstanding 57,841,982 shares of common stock.
Haven't called the T/A to see if this is more, but the volume hasn't been great since that last report.
Assests listed on the last 10Q state only $1,055,000 or so, but I am trying to figure this out.
I know they only have a working percentage of 10 or 12 percent in their O&G prospects, but I would imagine the Barnett Shale acreage to be worth more than $1,000,000 alone.
This company has a nice past history of production, but it looks like now they have obligations to meet with Cornell Partners Group.
They claim they can operate minimally without any additional capital, but then in the next line it says, to expand operations they need more financing.
It seems this company could exapnd and capitalize on their reserves, but seem content with staying small, I don't get that.
Revenues were $593,000 JAN,FEB,MAR on $100.85 oil average.
I wish I know more, because this one seems way undervalued like the few others, and I haven't see any dilution in it and if there is only 57 million O/S with 18 percent being held inside, who knows.....
Posted by TruthLiesWithin on :
They also have obligations that I believe they are in default on with Cornell.
Posted by TruthLiesWithin on :
The ask is stuck I guess no one wants to budge. Idid get a good fill at 003
Posted by juice on :
cornell scares me im staying away from this...
Posted by TruthLiesWithin on :
Not sure how deep they are in But they showed decent revs for the first quarter I threw it a small bone just in case
Posted by TruthLiesWithin on :
Looks like a few are starting to see this.
An I hubber just posted os numbers still looks the same.
I think debt was 2 million? Manageable I guess Need a pick me up after ncey
Posted by TruthLiesWithin on :
005 is here Might get good today
Posted by TruthLiesWithin on :
I think the next report on their production is going to send this flying. There was only 3 oil plays that got my attention even NCEY has come back and saved face Now it's IGPGs turn
Posted by TruthLiesWithin on :
Oil down for the moment Igpg ripe and ready
Posted by TruthLiesWithin on :
slowly going up Hope Newtons law of physics fails here
Looking for 5 cents
Posted by TruthLiesWithin on :
Wow, how ironic...
Maybe I will talk some more until this drops to oblivion, that way I can buy some more..