Strip out the value of the holding in ARW and AMU is dirt cheap. Extensive drilling programme for the rest of 2006 in dirt that they know well and have a high ( 50%+) success ratio. Great gas hedge at $8 min for next 2 years. Stock has rebounded well the last few days, selloff was a great opportunity which I took advantage of at $1.08 and $1.00 to double my position. Lovely close tonight at $1.125 ... oil looks good and might hit $80 during hurricane season. Great low risk exposure to the O&G sector.
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