No, I sold out at a small profit after the last big surge in price.
I really don't see much, if any, value in the shares right now given the current state of thier oil and gas production and the current capital structure.
Right now they have a market cap of $83 million for the shares and another $20 million +/- in debt.
The small amount of production they have can barely cover operating costs and payment of debt.
To support that market cap they need to find at least 100 bcf of NG........and that isn't even adding in a 'profit' to the outstanding capital....you understand what I'm saying?
And given their prospects, I see no way that they can do that.
AZZ Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
