In case you hadn't noticed, this company just did a secondary a few days ago, which increased the share count 20% from 45M to 54M. So the present share price of 7 is the equivalent of 8.40 before the secondary, which would in fact, be a new high. Of course it wouldn't have gone up that much without the secondary, which was a strongly positive vote of confidence by NGP, and gave them the cash to add a third rig and up their production guidance even further. They are cleary interested in getting better institutional support for the stock, and they should know that institutions are not interested in owning one well at a time oil companies because they are too unpredictable. With 3 full time rigs, their guidance should be more reliable. The only thing that's scary about this company is that their cap ex budget is on the order of their market cap. But with the vertical integration they have created, they should be able to make it work.