gas prices, page-20

Yes i have read the reports

I dont think that the company ever did make that 20 mmcf per day target.

The last one i saw was 5 mmcf per day.

Water and Frac issues in the wells caused delays of 6 to 9 months from what i read in the annual report.

Traded this back in December for quick profit. So i do have a knowledge of the companies recent history.

Been elsewhere since and when i have another look the wells have been closed down. Reason given low Gas prices.

Now the company has to start the dewatering and defrac process all over again.

Looks like management are trying to sell because they cant run the show successfully themselves.

A report is a report. That is why future purchasers would like to see the company actually produce some profitable gas from production.

Solid profits from production has not been shown in financials to date.

Not so naive. lol.

This one is a punt. Could go higher could go lower.