re: Ann: Hawkley to start drilling Chernetska...
Management are very confident on 2.8 Mil pm from current production. When confirmed we will multi bag from current levels...
All commodities taking a hit, plus especially small caps and this can speak for a lot of the downturn. Market sentiment returns and current production rate confirmed then we have a multi bagger IMO. The other drills are icing + the production of their very own gas plant.
Management expect over 100M revenue pa 2012... Over 50 Mil has been stated as probable, not just possible. As long as oil\gas stay around current levels. Anyway a great runs on the board Coy with substantial upside. When risk re-enters the market this Coy is one on the safer bets for those on the sidelines. Current revenue++++ for future.
HOG Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
