fracture stimulation dud, page-3

i bought into the vision at the start, but they got a bit too ambitious for my liking, leaving too much room to disapoint, thats why i took profits and sold.

their lofty promises of 1000 bpd mid 2006 & revenue of $12 mill, 2000bpd in 2007 revenue $25 mill.


they are barely getting 300bpd
revenue to the end june 2006 with a full year of revenue from mirage1 & ventura was $2.8 mill.........

does that justify a market cap of 40mill?



i agree j, at the end of the day it's small but it's more than before, but at what cost to drill and fracture.

the poor fracture results means m2 & lightning will most likely be put on the back burner and forgotten about.



there are some exciting drills coming up in the next 6 months, so good luck to all.....