RE:RE:RE:RE:What's it worth in 3 years? Hello Danger,
Yes, entirely agree, disappointing. My only point was, cash keeps building up and in 3 years, we have about a dollar a share in cash in the bank. So, it's worth a buck plus .. Plus what is the question.
With a new pro business government in place, nat gas prices over $7.00/Mcf and majors all around us looking to expand their production and ours the only operating plant available (For the majors to build their own it would seem thst they would have had to started applications before now) I think patient money is the way to go here ..
And there are two prizes here, certainly an offer from a major for our plant, production and offshore potential is one, but imagine if you will a couple of years from now with ArPetrol having 18 million in the bank and if the company raised money at 1.00 to drill the offshore. The stock went to 12 or 14 dollars a share the last time, and we are smarter now .. Would thet be worth a shot again? .. I think so.
There red are a lot of cards in our hand that we can play as we choose. Nothing forcing our hand, in fact all indicators say we are getting better card.
Lets ride this one out for a while. ;)
Doc.