RE: Positive Sign - Chairman insider buyin They are not operator for one.
Value is better right now to sell as a land asset vs oil production.
Leave some possible speculation for the aquisitor.
Financials out next week will tell some of the story on Mitchell Ranch, wether the major has produced any oil and how much, since your guy talked about production in Jan.
Even if they received no checks in that Q they could say that they got one in April or May.
Production numbers will be very important...over 500 boe in Jan now what...645?
Balance sheet will not reflect the recent financing so acct payables will probably be a pretty big number.
I was hoping for a buyout at this stage of development but it looks like that will not happen.
JMHO