Petro River Oil Corp. (PTRC)

[Danik0226]

The bottom line is that the disinflationary pressures that were affecting assets are now affecting commodities with the exception of food. Oil has slid quite a bit the past week or two. The Mississippi play requires a different approach for it to be profitable, and with oil prices dropping it makes it a losing proposition. If any company manages to find an ideal method for extracting oil from this area, then the rest should benefit as well. I can't see this area being left alone long term, and at some point the financials make sense to extract the oil whether it be due to a constrained supply or better technology to make it less costly to drill. The question remains how long it takes, and how much money is thrown at administrative salaries for this particular oil play to pan out or fail.

I feel somewhat better that they have managed to attract foreign investors, since it seems to signify at least some confidence from big money. As far as I'm concerned, this investment will pay off nicely or go to close to zero. At the very least the land is worth something.