RE: RE: RE: RE: News Stjjmac, Sorry I've been away for a while. I don't check here too often as I'm mostly loaded up for whenever they get going. Reading into your question I think you are worried about a rollback. I don't think it matters because if they go ahead with a roll-back of say 6 -1 with a financing your 600,000 shares you bought at an average of .05 will now be worth .30 x 100,000
With a funded well program, a new float of 30m shares (20m form roll back, 10m from financing) you have a low float huge upside on a very well positioned company that could be worth several dollars with a successfull well or two.
Just an example. The biggest question is to load up more now or to wait for a financing and rollback? My position is that they may not rollback with the right JV something theyve been trying to do all along so loading up anywhere to .05 or .06 is little risk. If a JV is announced then .12 to .20 will happen quickly prior to drilling without a rollback.
If I wasnt already invested here and had a few $$ lying around I wouldnt hesitate to take a new position up to 1million shares at this low price.
Remember they have to drill this block by Feb. 08, 2014 and they still have $2m or so escrowed for the other block drilling.
You choose.... Good luck