Coastal had potential for more Coastal had potential for more, it rode the wave up, when tide was rising.
Experience says that when BOD and Mgmnt use share holder money to try to
hold up share price the company tanks. Even is they bought 1 million shares that is
less than 1% of outstanding. $15 million in drilling can bring reserves up and rasise
share value 15 - 20%. Usually share buy backs are used to buy previously issued shares
of management. Buy backs are a sign management is out of ideas on how to grow the cojmpany and
think share manipulation is their salvation. Plenty of examples , Galleon energy is classic $22 to $2
while assets are same (minus some depletion of reserves). Cash should be used to explore, market will
reward shareholders.