makedonka wrote: "A four well pad came onstream at 2,800 BOED in January which would increase production in this area by about 30%."

"In the meantime, all the growling about an undervalued stock should put a floor under the price of the stock. At the current time, this stock appears poised to return capital gains one way or another. A double from the current price would probably make most shareholders happy and encourage patience from the activist investors. Rising commodity prices have encouraged higher hopes than that. In the meantime shareholders can enjoy a heated discussion about maximizing shareholder value. That is probably going to be very good for shareholders in the near future."