It was a nice 10Q, it looks like they have ample acerage to explore as well. The company even at $1 is trading at only 3 times book, which isn't bad compared to many of the other small E&P companies. The earnings of 3 cents for just one quarter gives it a nice low PE as well.
Nice that they got back a large block of stock as well. I think this company could really go places if they would get off the pink sheets! No reason why they can't as they are fully reporting.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.