Capitulation -- Impairment - hey sea has been stellar on 95% acreage and development situations. We have a 100 million market cap and still have 400 million in equity. Now
we are a value play. If I was management I would integrate a poison pill considering the
price. Most importantly is that there zero impairment for our Eagleford acreage.
Down .09 in Rooland -- shocking! I bought a boat load @ .27US and today I have little
choice but to add @ .184US-- and I will borrow money from the credit cards and buy more
as it approaches zero.
I thought that their mid year was excellent considering what we are dealing with!
The middle east animals kill us with their weapons and now they are also economic terrorists.
Look how many world industries have been affected by this greed. Algeria, Nigeria, Venezula
all members of Opec are slaughtered. Canada has been put into Recession. I am afraid our
friends in AU may have their first recession in years as well. Brazil is dead in the water.
You would that these animals needed even more money and have total disrespect for the rest of the world. Of course the Nuke with the King of Terrorism on behalf of the creature in the WH is the cherry on top. It is truly amazing that sea 5 years ago was .20 with 700 boepd and now .24 with 8000 boepd. I have looked to see when we had volume of 23 million shares- this was big
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