My post is spam rea it if you likeTake a peek at CHY, it may be the same sort of P & D as here but they have just over 22 million shares out, they are looking for a partner to recomplete one well and it is rumoured that there is currently buyout in play for close to 3 times what todays closing price was. As well, it closed almost at the high of the day and was trading at close to 80 cents earlier this year and is currently trading at 6.5 cents.
This is not an endorsement to buy or sell this stock, just a heads up.