I hate to be a nattering nabob of negativity, but I am starting to lose confidence in what CF says:
"Because of the extent of the 2013 re-audit combined with the complexity of our three operating divisions, the initial audit timeframe (sic) exceeded expectations thus delaying our 2014 financial statements. Management, our auditors and our financial statement consulting firm are working diligently to complete both audits and the Form 10-K as soon as practical."
"The Sellers '66' #1 well was spud in March, reaching a depth of approximately 8,600 feet and is on target for fracturing operations in the next 30 days, again on a no debt basis which is critically important in this environment."
"The Company participated in the Cole #1 well, which reached total depth in May hitting all targeted Permian zones. Fracking and completion proceedings are expected in the next 60 days."
"The Hankamer #1, in which the Company owns a non-operated working interest, was completed in Newton County, Texas in an established area known to management. The vertical well encountered two expected pay zones in the Norian Yegua field."
