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Re: Chesterfield post# 18404

Tuesday, 06/16/2015 7:57:49 PM

Tuesday, June 16, 2015 7:57:49 PM

Post# of 21090
I feel this convo is a little on the naive side. This stock went from $.22 to $7.00+ on speculation about the amount of oil in this area. At $7.00, we had a BILLION dollar market cap on "no revenue & no earnings" nothing but a hope to find oil or a sell to "big oil". We drilled for oil and the stock price was between $3 and $5 but found "non commercial" oil results and so the price tanked.

We then farmed out to Tullow and the whole DOJ thing. Ray tried the reverse split to keep the Institutions involved but that evaporated with how long the DOJ took to figure out nothing was bad. A HUGE positive that many don't realize it that the RS cut the available stock by 1/8 as well. So, many talk on here about the pre vs post slit price. Let's only talk market cap. NOW, with the limited shares available, a $500 mil market cap would equal a SP of almost $25 per share. That would only be half of what the sp went to on the last run this stock went on. Given the current oil situation, this might be the best we all can hope for.