RE:RE:RE:Liquidity crunch....after the completion of the second well?Yes you are right George98, they will have $5 or $6 million after this well is completed, flowing and tested. $6 million I was quoted. We'll split the difference. You purposely leave out the fact that this second well being drilled........ what about it......... did you ask about it. Do you really think that this second well where it is being drilled, has any bearing on where the first well was drilled?......(think night and day)
Give some credit where credit is due....what will the company have if this second well is a game changer. Do you think the company will be able to raise more funds then, will the second well add value to the company and create shareholder equity with a higher share price than now?...Will they drill a third well, a fourth well and more?
The management are top drawer, they probabaly thought it over before drilling the two wells and spending the money they raised @ .70 cents. Do you know why the first well was drilled, did you ask them that?..did it have anything to do with the flow through financing, did it have anything to dowith testing the property limits different zones or anything else?
You make it sound like the mangaement are a bunch of dopes and just drilling holes in the ground spending the money they have then will fold the tent up and go home.
Stay tuned......but in the meantime, call the company back and find out what the play is all about.