Those reports are rather useless. You will get more negative...

Those reports are rather useless. You will get more negative responses than positive if you mention them. They fail to take into account asset base productivity, i.e. ROA or ROIC.

The quality of research posted here is far more valuable than those webpages.

I am looking forward to the next 4C from the company, I have high hopes that the arrangement with Proton is working well, and that we might have another arrangement with them for more wells. It makes sense as it is seemingly rather unusual arrangement, and the legal and other costs to enter it wouldn't have been worthwhile unless we were planning on doing more under the same banner.

If we can sustain about $3-4m of profit per year under this arrangement I am all for it. We don't need to use all our capital, but a steady buyback until a re-rate and then a dividend thereafter would be good (absorb our tax losses in the meantime). We are talking about a possible 2-3x re-rate with minimal risk or effort.

I hope management reads this forum.

Just my opinions, please do your own research!