good buying this one is very cheap at these levels:from the...

good buying this one is very cheap at these levels:

from the website, wells are producing at around 2200mmcfd. at $7USD per mcf thats $5.62M USD revenue pa. market cap of 20 million. last years total revenue around 2.5 million.

update on resource soon from gca which will include the 3d seismic results. significant upgrade in lease value following this reserve estimate. (Due before october)

the company is a takeover target. the market cap doesn't reflect the value of the acerage it holds, let alone the potential for production. the last broker report estimated this potenital to be $1.90 per share.

option to participate in Devon Energy's activities in the arkoma basin. Devon has profits of nearly 3/4 billion usd pa. a good solid performer in the energy sector. devon or metro may consider gobbling up thk.

any other investors want to contribute their thoughts.

disc: i bought more today and have a truckload