i'm the first to admit i don't have a great understanding of oil & gas plays but this company caught my eye a couple of weeks ago. haven't bought yet but from reading their broker presentation it's hard to understand why it's so cheap. small market cap, already established solid cashflow. one thing i do recall reading is that they were free carried on all drills ( which includes brierley ) upto the 30th June 2008, i suppose there is a bit of uncertainity about how the increased expense of future drilling will affect their cashflow particularly if they have a couple of dusters. maybe this is effecting the share price but its a risk you take with all of these type of companies.
EXE Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Not Held
