RE:RE:Started a PositionThanks for posting. I don't know much about TCF and I don't really care. I followed and lost money on another elephant hunter, RECO, and it now is wallowing away just like MCF, waiting to get drilling on new targets.
I am intrigued by this one because it appears that they are drilling where oil and gas have already been found. I am trying to understand why Mobil hit big gas on this play 40 years ago and did nothing with it. What was the problem - were gas prices too low back in those days to tie in the gas? Just wondering on that one.
I like the management team, and I like that these guys wrote cheques in the last financing, that is now underwater from $.50. Clearly they felt that this company is worth a lot more than that. I am hopeful that we get some news this week. It's time to get drilling.