Have you guys actually read their annual report?
I think they have current proven/probables of 65 mmboe but are sitting on a contingent of 250 mmboe roughly. It's quite interesting, they're talking about getting into unconventional energy and what not and sound like they have an idea on how to make it work.
Although this may seem silly to some shareholders at this stage, don't forget their initial investment in Tipton was $30 million or something years ago and they got a ripper deal selling it to Arrow.
Have you guys actually read their annual report?I think they...
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$1.49 |
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