RE: News ReleaseNo market response?......
I think CBM is currently out of favor for various reasons and therefore makes this a speculative buy.
However, after Longford completes their drill programs in 2007, this will become a better stock to own based on the results.
Getting in early on most stocks allows the buyer to buy low but of course there is higher risk. But there is evidence from the northern neighouring property in Alberta, ie Corbett Creek CBM project, that the Barrhead property will become a successful field because they are in the same coal basin. And they have drilled a well that looks like it will become a producer and they have an application to drill more wells in 2007.
As well, the Mounville property appears to be further advanced and showing great potential.
So I see a future for this stock, the question is when will it be recognzined by the market. I'm waiting to see.
jmo
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