Yep things are just about to start to get interesting, we know theres gas down there and a lot of it now we just need to find out the flow rates.
Buying is starting already as it usually does in oil/gas companies pre drilling and flow testing as the name of the game is to get in early and at these prices you cant go wrong. Its got a EV of about $15 million now thats cheap for what they got especially now they have acquiered another PROVEN gas bearing land holding.
Where is the risk??? At these prices it is very very minimal and why its a good buy.
Once drilling starts and flow rate results are near id expect to see this much closer to 20 cents if not more.
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Price($) | Vol. | No. |
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