Stock SharkTypical stock pumping scam. This company looked very good a few months ago. Since that time they have clammed up and are releasing no information. If you look at their PRs you will see that they completed their first well in January. They reported a potential output of over 200 barrels of oil per day but stated that they could not determine accurate results due to excessive gas pressure.
Then they drilled well number two. It was completed a couple of months ago and they never mentioned it again. Then they said they were going to immediately drill well number three. Then they came out a week later and said they changed their mind due to bad weather.
The fact that they have never disclosed what happened with Well number one or well number two makes me very suspicious that both well number one and well number two have turned out to be failures. Companies do not keep quiet about their successes.
Be on the lookout for sharks. They are usually out to bite your head off, or as in this case, to swallow up your wallet.