RE: More Insider Buying - $50,000Would strongly suggest that if the fiscal 2008 financials are going be released, Mr. Arandjelovic would be in a blackout where he could not buy or sell. That said, the figures are likely to be out mid to late April as required by the regulators.
So, what happens when Mr. A stops buying during his blackout? If prices remain weak, could this stock test 30 cents?
There has been no word as to what gas volumes they have brought on during the winter nor what drilling other than the unsuccessful venture in Yemen. That will impact not only what cash they may have available, but how sustainable the tremendously high G&A costs might be. They have huge cash burn with little revenue to offset.