Banter and General Comments .. BRK, page-11266

Hi everyone. I'm a newbie to this company. After reviewing its history and performance I can understand the pain and suffering long standing shareholders have had to put up with for many years. $200m in accumulated losses, 4.7bn shares on issue (numerous discounted share placements I presume), and a SP that once peaked at $26 in 2009 (is that correct?). However it seems they may be on a winning streak with good current profitability and some potential in current drilling program. But this is US shale oil (I think) and production peaks early and declines rapidly so expensive exploration and drilling is an ongoing cost. Directors talk the talk rewarding themselves handsomely with cash and options. I read somewhere the company even loaned them the money to fund these. Nice gig for some.

Anyhow I'm in in a very small way and think there is modest upside IF earnings can continue around current levels. Offshore O&G can be expensive binary bets but onshore shale O&G in USA is much less risky although $200m in accumulated losses suggests otherwise. Good luck to all. I have a thick skin so any constructive criticism is welcomed if my fact are incorrect. I'm here to learn about this interesting company.