RE: OIL!!Yes, nice production too. Unfortunately, the price won't move since First Energy is still on the ask at 0.68 to the tune of 800K of shares or so still left. Also, even though they anticipate development it will be dependent on infrastructure costs.
Now, can anyone tell me how long it takes to perform the audit necessary to determine reserves and infrastructure costs?
Good news, but now we wait again until reserves are determined and cost of getting the reserves to market.
On another note, Raymond James has appearred on the buy side and purchased at least 40.5K shares so far today, buyback on again?
GLTA
Cheers,
Oxyurid