nice financials - pp's galoreIMO this company is a joke. Miniscule interests in various oil/gas plays that amount to basically nothing. Looked at last financial report...no mention of actual production numbers (ie. BOE/Day), just talk of small working interests. Tons of options priced at or below 10 cents.
Look at the revenue for their oil/gas properties. What a joke.
Green Ranch Project, Stephens County, Texas
"The company earned $4916 in gross revenue from the Z1 during the ninth months ended September 30,2005"
Kerrobert Project, Sask
"The company earned $3509 in gross revenue from the NINE wells on the Kerrobert Project during the nine months ended September 30, 2005".
Marble Falls rework Project, Texas
"The company earned $1715 in gross revenue from these wells during the nine months ended September 30, 2005".
Enchant Prospect, Alberta
"The company earned $9464 in gross revenue from this interest during the nine months ended September 30, 2005".
Now for the PP's
January 19,2004
- 1,800,000 @ 0.055
July 7, 2004
- 1,691,364 @ 0.055
January 5, 2005
- 4,545,454 @ 0.055
June 17, 2005
- 2,000,000 @ 0.05
Then the corporate stock option perks
January 26, 2005
- 1,537,000 @ 0.11
March 8, 2005
- 210,000 @ 0.11
May 17, 2005
- 585,000 @ 0.10
November 07, 2005
- Options Granted
Habanero Resources Inc. ("HAO") has granted, pursuant to its 2005 Rolling Stock Option Plan, up to 3,065,000 incentive stock options at an exercise price of $0.12 for five years.
Wow...in the money big time already. Eat em up....yum yum yum. The herd loves to chase a story likes this.
My word...there is so many cheap shares out there it isn't even funny. Good luck to the retail fools who gobble this crap up. G&A most expensive items were IR and management fees.
Fools and their money....what an appropriate cliche. I've got a migraine just from reading their financials. And how many times are they going to put out basically the same news release on their oilsands equity interest?? My god....what a hype job.
All the above is my expressed opinion of course.