LEEBRET, you make a good point which raises 2 questions.
You stated:
" Market cap is down under 80 million for no good reason. Just the oil in the ground is worth over 20 billion thats 20,000,000,000.00 with a B. With this market cap that makes the oil worth pennies per barrel."
Since everyone here wants something constructive from me, I am going to say something constructive.
Firstly, since so many of you seem to have a pretty good relationship with Gerald Parkin, why doesn't someone suggest that the company institute a share buy back plan. Any company in this situation would jump at the opportunity. It would raise the share price, thus raising the value of the company...and would be an excellent investment. There is absolutely no place they could invest that would give them a higher return on their money.
Another possibility might be for all you longs on this board and others to form a consortium and buy out the company. You are all here to make money; seem to collectively have the capital to do so just based on your investments in this company; most definitely must be business minded and motivated to increase your wealth; and most importantly of all, you have all done the DD and truly know the value of the company! I am sure that with the passion and dedication towards this company that you display on this board, and others on other boards, that raising the funds would not be difficult at all. I am not joking....I am sure there is enough money amongst all of you to easily raise the capital needed. Many of you seem to be business owners, which means you already collectively have the knowledge and skills, as well as working relationships with bankers.
