clear creek is uneconomic

Quote:

"With gas prices declining significantly during the first half of the year, the decision was taken to temporarily
shut in the wells around calendar year end as to continue with operations would have been uneconomic."

Peter Collery 2009 Annual Report, refering to 2008 gas prices.

Natural Gas price at the henry hub 30th December 2008... $5.71

Today Gas price is $2.32

Even if the company survives the shareholders will take a bath getting out of this mess