Eagle Energy Inc EGRGF

RE:RE:RE:something doesn't add up

[Sjakkspill]

Good post 66 and I concur. I see that their drilling plans in North Texas are not going to be what was projected in a presentation of a couple months. Drilling a second well now with a third later this year seems like the prudent way to go by proving up the asset while staying within your means. Underdelivering has hurt the stock and management should have been more conservative in their plans and projections. Still looks to be under much better leadership than before but that’s not saying much. Anybody in a nursing home could have done better than Clarke. Herein lies the potential however. Seeing the potential of a out of favor and cheap company is how Buffet got going but is this it? Just might be. I would break of the value of the company roughly like this in millions : Dixonville = 40 : Twining = 20 : Maple Leaf 5 : North Texas ??. So, at the current share price, it looks to me like their is enough value to cover the debt and current market cap. At the present share price it looks to me like an investor is getting North Texas for free. Might take longer than expected to find out how this asset plays out but if the company gets a few more wells like the first one and with the acreage they have then....