NPV reflects nice growth even without price increases. This little company should make the radar screens of investors soon. More production coming onstream, so risk is low..and opportunity to hit a big one during the year.
Not to shabby, spudding 3 in the Fences,thats our cash cow,and the new news today a new re-entry project in the Zakowo field"(hmmm) FX is getting closer to the first spud date for 2010 if we hit 2 out of 4 Ill be a happy camper,add that to the 3 wells that should be brought on line and 2010 is set.Now throw in some out of left field stuff,this sucker could really start sizzlin".3 hours till San.Fran PRESENTATION,looks like we are getting some attention today.
it is nice to see some growth but more hype since it is from smaller base. expectations have been lowered tremendously since the so called motherload So. N Sea comparison. mgt should not be patting themsleves on the back so much. looking at the mgt structure we could easily fire 2 maybe 3 of them at the upper ranks without blinking an eye and it would save us big bucks which could be used to drill another well. this non-sense about freezing salaries as a sacrifice last year is an overstatement. grateful to be employed should be the word coming out of their mouths. the progress over the last 7 years has been to painfully slow for shareholders sitting at near 7 year lows.it is time for mgt to start putting up some real numbers after all these years or resign like a man.
You sound a little sour, Jack... I've been in and out of this stock for years. Learned a long time ago, to not believe anything management says. Watch the numbers and activities... Right now is a good time to buy.. cash flow is increasing and they have proven they can find ways to drill without taking huge risks... I started buying back in at less than $2.60 in early Dec.... up over 30 % as of today. FX has a ways to go (up) yet.