For months this company was telling us it would be sustaining production at 5,000 boe/day when it completed the infrastructure buildout and connected the wells that were off-line. Now suddenly that language has disappeared from all of their reporting. What gives? Were they lying? This shareholder will have a legitimate claim against management for damages if their statement was false... We shall see...
I am continuing to wait for the 5,000 bbl/day announcement that should occur on or before March 31st.
When it materializes, that will = $540,000/day in revenue ($108.00/bbl). Or nearly $197,100,000 in annual revenue.
I'm sorry to say: this stock has been nothing but a disappointment since I bought it ~3 weeks ago at $3.70. Please don't pump this stock! It's getting annoying! If you can't make money when people are paying high prices for oil in the winter; then ther's something a wrong with the outfit. Remenber Apache---- they apparent didn't get out for nothing. Check the price since then!!! Come on man! It's not looking good--period!