production up, share price falling, page-14

re: question sushi? I don't know if you can call it a 'management' problem - an attitude problem towards minority shareholders definitely - we were entitled to know about the mechanical problem in completing the second Vermilion accelerator well up to a month before we were told - these onshore Louisiana wells are small potatoes for us compared with Vermilion & Main Pass so we shouldn't get too excited about all the cloak and dagger stuff that management think is necessary to protect the joint venturers interest.
Based on a profit of $40mil this year and cash generation of close to $60mil,you would have to think a market cap of under $150mil is currently a bargain - $1.75 within six months seems a sensible guess.