pressure building, page-4

I hold a reasonable amount of this stock. I like the company but don't like the current share price. Oil price is of course impacting on the sp at the moment and until this increases we may see the sp languishing. Considering topping up if price falls below 9c. At the moment, sp is holding up around 10c with buyers entering market as soon as price goes to 10c.

I think they are doing the right thing by holding off buying back their shares and conserving cash as no-one really knows how long this downturn is likely to last.
In my opinion (you need to do your own research of course)some of the positives for the company are:
1. Cash flow positive
2. No debt or convertible notes
3. Low production cost (US$12 per barrel)
4. Infrastructure paid for
5. 100% owned producing tenements
6. Good sensible management

One complaint I have is that I don't think they are very good at publicising the company to a wider shareholder audience.