I posted earlier at the end of a long thread today, but it got buried. The CEO is going to tell us about progress on some important projects during the conference call coming on the 19th, after the market closes.
The last announcement I read indicated the company was going to use the future oil well revenues to expand on their joint venture with a software company that makes Dittoware, a program for teaching and connecting customer service departments within large corporations. They were conducting Due Diligence before closing that deal to expand YTRV investments.
So I would hazard a guess the coming announcement has something to do with the new software projects and an update on some refurbishing of the oil wells in Texas. It's not every day that one comes across an opportunity to actually invest in an oil company, that is a venture capital source for building new businesses too. It's sort of like oil is the foundation for funding additional growth in start-up ventures, like two (or later more) investment shares for each one purchased here.
I wonder if they will be developing software applications for mobile phones with this combination and funding? Hard to believe these shares aren't higher already, but I plan to buy some more, perhaps if the price doesn't go up too fast. A steady rise is OK and better actually, because if it goes up too fast then people worry more.