Going back on their presentation last year (page 32)
"Drilling in 2011
- Drill and complete three wells in Woods County - Drill two wells in Alvorada - Drill one well in Harpia - Drill one well in Guara
Each event is likely to result in a material contribution to share price"
Item 1: need to get their skates on if they are going to drill another two wells,even the first well is not 'complete' Item 2: relinquished acreage Item 3: JV problems - fixed no time soon Item 4: JV problems - fixed no time soon
I wonder what events are they going to lie about in the next twelve months ?
Spozzie
ERH Price at posting:
2.1¢ Sentiment: None Disclosure: Held