Bequick and 618 both excellent posts but neither of you mention that they also have an extensive portfolio in the Gulf of Mexico as well. They already have 2 producing wells there with another hot prospect to be drilled with Peregrine before Christmas (depending on rig being released from another job). This well GA133 is adjacent to another of Peregrines blocks which is producung and already hasa platform. The market cap of this company is ludicrous but it will be seriously re-rated in the short term. Just wait till they get a half decent broker on board!!
ETE Price at posting:
11.2¢ Sentiment: Buy Disclosure: Held