Acres Looking at their fact sheet and presentation makes the picture becomes a little clear as to how great the potential is here, I have to say a $10 stock is in the cards in less than a year (in my opinion there is no way they will get to drilling stage, a take out will happen):
total shares outstanding = 60,754,653 (but only 44.5 million is free float at this time)
Escrow Shares: | 16,233,711 |
wow, this is massive:
Offshore - they have 70% working interest in 6.2 million acres
Onshore - they have 40% working interest in 7.4 million acres