They follow low cost policy. I do not think that they are exploring completely new territories. In fact they started because the oil price is now maybe twice as high as it was in the time when oil industry has been forced to stop its activities in Oklahoma. So with the prices now above 70 dollars per barrel they can start without any expensive explorations oil production with good profit in localities where is already the oil existence proven. The oil is there and they are heading for it. And oil experience and past financial activities of Carl Swan makes me believe that they have chosen the most juicy localities available. No doubt about this........And if they are running as the subsidiary the oil equipment rent and sales activities, that only undermarks the fact that these people understand oil business well, they are no adventurists or newbies....... But I can be wrong and they maybe will explore completely new deposit of oil. Then it would be even more interesting :))
We will see in few days how close or far this opinion is from reality. Grace 1 is under testing now.......
And because the float is only 12,5 milion shares, good volume would drive the stock really high