RE: June Presentation The June presentation for Paris and NYC briefings were very nicely done. Good details and optimistic outlook. Not quite as nice as having a dividend announced, but reassuring to see that the growth continues and cashflow/profits should continue to improve this year and next (assumes the good Lord's willin and the pipelines don't get blowed up).
Today's negative action was disappointing but not surprising, given that oil prices fell $3/barrel. I also own TGA which fell by a larger percent than Mart.
Next week we should get an updated reserves report (20% increase or more, we hope) to help underwrite company's value. UMU-10, if successfully completed, will add additional reserves from new and deeper strata. Yet to be determined (good question for AGM) is how deep the company is willing to go with UMU-10 to prove existence of large volumes of deeper oil.
Good luck, fellow Martians!
'peeker