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Thanks for the reply Shareboy,i took the 8 mill from the last quarterly.(if i got the right quarterly).
Always have a problem valuating gas...seems so many variations..to many bcf's..and more..etc...sure u know what i mean. But i'm thinking..in comparison..to a few others..cash,income forthcoming,(depending on continuity of flow rates of course)..seems a gimme somewhat.
Even with 5 mill cash still gives u 5 cents per share thereabouts...hell of a lot better than a lot of would be's.
Anyway have put in for 50k@16 for starters..can't be to much downside thats for sure.
Thanks again and good luck...cheers