rocket back online at 3mmcfd, page-2

I was very disappointed with the reserve estimates.

With only $2M cash and valuing say 2.5BCF x $2M, I'd say the company is worth $7M.... it wasnt that long ago we had approx $14M or so in cash.

But the expensive drills with poor results in not completing the laterals, combined with the rapid decrease in flows, I'd say overall the past years campaign has been very disappointing. Credit crunch or no, this company has had a poor run.

Now I have to decide whether to sell out and invest the left overs in other flogged companies that have better chances of a recovery, or hope the new 3D field will be a winner, but that is a hard task, considering we know very little about this field.