We have heard nothing about any showings beneath the Permian. Management is mum...no news. The hardest part is the waiting. I own a lot of shares but am really tempted to dump this puppy. Anyone at Zion listening?
helirig, i am sorry to say, but it will never show any returns. look at Ness Energy as an example.
seriously, as an experienced trader, i suggest there are many better issues out there, which will provide an HONEST return.
if you are looking for very inexpensive long term plays may i suggest BOLT SWSI KEG HERO GLBL PDS or even ACGY
a few of the above are dependent upon a rebound in natural gas which is more of a regional play than oil, but at some point nat gas must rebound, maybe this winter or next. that means a long term hold for the above, but in my considerable experience a long term hold will always beat something like this, where greedy people look for a home run and quick profits... which never materialize.