Well what has Bob and Team done for anyone lately ? All depends on one's perspective of "lately", doesn't it ?
If you owned the stock 3 months you're up +20%, 6 months you're up +40% one month you're down -8%. For those who bought or built position a year ago...well they should be or could have been very happy. Granted there has been a little pullback...but only after there was a significant spike up in the chart. The uptrend is still in place on both the 50 and 200 day sma's. We just got a confirmation that debt will nearly be nil, and we also learned the Lilly West went to sales. I'm kind of curious if y'all would be just as anxious to get an operational update if for instance there was some weather interruption....and rather than report IP's immediately Bob decided to get more days under the belt to better reflect IP's. I'm just suggesting that you trust in what you're invested in at least until same has proven to be untrustworthy. Bob has been explicit that when it comes to IP's, AXAS uses small choke sizes and 30 day IP's. If they wanted to pump the stock they could do what some other E&P's do and use a larger choke and shorter IP's and make wells look enormous. I actually saw some 8 hour IP rates released on a Halcon well and of course board posters used the 8 hour flow x 3 to get 24 hour then times 30 to get a monthly rate. There's ignorance at it's pinnacle!
Y'all can worry about updates if you must....I'm content with what's been released and have the patience to wait on what hasn't been released as it will be conservative IP flows for well longevity on tight chokes rather than trumped IP's which are meaningless. The only disappointment I have encountered since owning AXAS came at my own failure when I broke my own discipline rules on purchasing. That falls on me ...not Bob and team. The stock has a great chart working, great "#1 strong buy" ratings, cleaning up the balance sheet, posting positive earnings, and increasing working interest in core areas. So what has Bob and Team done lately ? Well by my lately ..they've done quite a lot ! JMHO GLTA
Seems to me that the sale of leased land a week ago would be considered lately. And nothing excites me more than little or no debt.. That is what makes this co. attractive to me. Been following this company since the hurricane took the stock to over $7.00 7 or 8 years ago. I was in the right place at the right time. And I believe now is the right time and place again.
"Defect Remedies . On or before 5:00 pm, Central Time on December 18, 2013 (“ Seller’s Response Date ”), Seller shall deliver to Buyer written notice of Seller’s response to Buyer’s Defect Notice"
THE ABOVE IS FINISHED !!!!
"Closing . The purchase and sale of the Properties pursuant to this Agreement shall be consummated at a closing (the “ Closing ”), to be held at the offices of counsel to Seller or such other place as mutually agreed, on or before December 20, 2013, unless such date is extended in accordance with the provisions hereof (the “ Closing Date ”) but in no event shall Closing occur after the Outside Termination Date. "
Could be A press Release will be coming with a CLOSED DEAL.
Maybe those IDIOTS think a Deal is done with little or no effort on Management part.
If you worry about Lillibridge results; AXAS will have posted the Production Results for November on the North Dakota Web Site at the End of December.
ED(sitting with rotten fruit to throw at Chimakot when he "RIDES BY")