RE:RE:RE:not a fail! progress not perfectionI admire your positive spin Phonse, but I hate it when people say the cheap shares are being snapped up. After the news, I think I can put some of the money here to better use elsewhere while they figure out what to do next. I will take my lumps. I couldnt even get the 4500 bucks I was looking for bud ! LOL! Not exactly being "snapped up". So I reckon that the Market doesn't think these things are exactly that cheap right now.
That being said, they have a large dept for present production, and very little money to do anything with going forward. I was hoping for 500 boe/d exit on the quarter. Didn't get it. I'm done till I hear more...leave 1/2 in the kitty and forget about it. One day it may hit .12 and I'm even LOL!
I was in it for the story, and history of the formation. I was in it for 500 boe/d. I was in it for the 1000-1 shot at a multi-bagger shale gas play. Blah, Blah, Blah. I was in it because B.W was. But Brett has way more money than I do , and if this thing sh*ts the bed, he will probably come out with a couple extra sections of pasture land for his cows. But thats penny playing Phonse. That's the way it is. No need to gold plate it.
Good Luck Boys