Post by
birdie22 on Jul 09, 2013 10:25am
June 21 N.R. Shake out
Since June 21 N.R and 67% price drop only 17.5 million shares traded or about 16.3% . I would have thought that more would have sold if this is a dead play. Nothing has changed since 2011 when they stopped drilling ( 2 out of 6 planed) as they ran out of money and their JV partner stiffed them. On the plus side good news of 2 oil reports by Linc Energy their next door neighbor about the potential for significant amounts of shale oil on their property ( property line is 40 km. away ).
Just another play to wait and see, seems that there is a lot of them these days. GLTA Longs.