A profitable oil/gas: VGN: $0.28VGN, TSX-V, Greencastle Resources, an oil/gas company.
1. it has $3.2 million cash in hand as of Mar 31, 2008; Good cash pool.
2. it's profitable with $430k earnings in Q1, or $0.01/share, can't find many profitable junior companies.
3.it doesn'tdo many private placements as most other juniors do(actually, itdoesn't need with good cash positions and profits).
4. low S/O: 43 m.
It was also profitable in 2007.