RE:RE:Website presentation I just checked out the presentation and I must apologize, I stated a while ago that they would not injects propane as part of the miscible flood but I was wrong. They are indeed injecting some propane along with the natural gas. Previous miscible floods I was involved with only injected natural gas as propane was a saleable by-product of NG production. I guess with propane being half the price of oil it made economic sense. I just which they would have given the rates of NG and propane they were injecting to get some idea of the rate of return.
I did notice the presentation only breifly mentioned the Nigeria prospect, so maybe they are indeed playing it down. At least with the recent rise of oil prices they should be able to at least make money from the Wyoming properties rather than issuing billions of additional shares to keep the lights on.
I cut my holdings in half today, selling at a penny or as I like to think of it, double what I bought at. This makes my remaining holdings a free gamble.