RE:RE:RE:RE:RE:If Cascadura flowed 27 MMcf/d from 162 feet of pay that Chreca..... we know North accumulated that large position on the cheap.
Many millions of shares at .18 to .25 cents.
Were they not a major subscriber to the placement that doubled the share count a few years ago (I was not a fan of that offering, very little net cash to company for so many shares issued).
I would be selling here as well if I had 15M shares (or whatever current count is).
As great a find as the early results are, many things can happen that effects stock price.
A company financing by selling another large chunk of new shares.
The continued collapse of energy prices (this is what is really keeping this from $1 presently).
These are a few examples, but many more including T&T present and future regime.
As they say, no one ever went broke taking profits.