strong gas shows, page-15

AZZ had $14,877,000 in cash and cash equivalents. Hence my qualifier of ALMOST $15 million. They now have $7 million coming in a year from gas and condensate sales from 4 wells already in production. That will put them in positive territory very shortly. No one here knows the outcomes from Outlar 1 and Jean Freeborn 1 but there is plenty of potential. AZZ has only 158 million shares on issue, so any good news from the 2 current wells is going to move the share price very quickly. The other thing I like about AZZ is that they lock in turnkey contracts unlike some other companies who just keep paying up even though they are drilling a duster.