Good luck to those who stay but a few points to why I pulled...

Good luck to those who stay but a few points to why I pulled out.

- Impending War with Russia / Civil War

- Only a little over a million in the bank, expenses for the last couple of quarters have been more than they earn and have eaten into their savingsl, next quarter expenses projected at least equaling profit if not further eating into savings.

- Well 201 declining in production

- No money to build more wells, no plan to build more wells

- Myanmar a far shot with bigger more cashed up companies a probability of being chosen.

- Bad management, poor communication.


So people stick with this stock if you see it turning its situation around by all means, but for my hard earned cash there are a lot of companies with less risk that I would rather sink my cash into. I have made a heap on other companies such as SEH and AJM which have a lot more potential, cash in the bank and not based in a country with an impending Russian Invasion.