The 10k offer at 37c is holding the stock back after these...

The 10k offer at 37c is holding the stock back after these results. Proving they started producing some good cash flow, that should build to over 12 Mil per quarter next quarter. As instructed by HOG Management from Well 1.

This will not be held back for much longer IMO. As we have very low forward earnings on Well 1 and no value on the development well. That is stated to be a 'sure thing' and could be better flow rate than Well 1. The 3rd well is not a 'sure thing' and would be a pure bonus.

Looking forward to near 100M revenue in 2012 is being targeted. The 18 Mil will look like nothing then. Cap Raising was done at 'Mates rates' yet who cares for now. Sellers now are insane unless getting rid of 10k to purchase 10k in the offer. Thus the hold back in this SP taking off IMO.