RE: .30's Well that was a pleasant surprise but not unexpected. People need to realize this company is actually better off today then it was before the drilling. The warrants and options were priced at .40 cents because that sp was consider a gimme with this field. Now that the private placement has closed and the insiders are loaded up this company can show itself. So many positives. What people don't mention are the pipelines running all around the property, the processing facility onshore, the water level here is shallow and easier to work in, that there are some pretty big company's surrond our concession, that our partner and DOB are well connected, that the reserve report is going to be coming in considerly higher and our field may be connected to the other fields in our area.
50 million for a project like this is not a lot of money. Whether they have found deep pockets or will be taken out insiders have made those arrangements some time ago allowing them to fill up on shares. Now we are waiting for the show to begin. Rememeber all those warrants and option at .40 cents. We are now only .10 cents away from them. We are in for some nice gains in my opinion only.