Reality 1. Tthey haven't put a hole in the ground in almost a year because they can't afford to go it alone and are even unable to get a deal done to partner a well. They haven't even repaired the last Spearfish well.
2 I hope that some of the estimates here are correct but based on what I think is the real situation with this company, I'm sticking with the numbers I posted here a while back. If only Spearfish is sold....4 cents. If the entire company is sold....6 cents. I don't think that there is a full understanding of the shaky situation that this company finds itself in.
3. I gave them till the end of this month to negotiate a deal and announce it. If we don't hear anything this week, I think they are in scramble mode and who knows where that will lead to.