Financial analysis.As of Q 3rd 2013, NBV: per share Basic is .8258 Diluted is .2570 NBV $55,024,000 Currently trading at .125. Upon reading the financial I find that they have a 9 month earning of .01/sh. Now they also have increase in prepaid Expenses of 303,000. The worst part of the report is the increase in Royalties, which they talk about and say they have two new wells coming on at 5% which is a huge decrease from the 40% they paid in third quarter. Year end will show a EPS of around .05 which gives this stock a P/E ratio of 2.5. try to find a penny stock better then that.