Out of frustration, I called the company Friday, and today, I got a call back.
First of all, the SEC muzzle story, which I believed, is not true as Hawk stated. Yes, they are working with the SEC to investigate the issues, but from my interpretation, it is a loosely couple thing, with not communications restrictions.
Secondly, I asked this question the other day and I did not get an answer, when the Murphy - Nash #1 went into production the next week, per the September 12th PR, does it become revenue? Yes, it does. No, we do not have production numbers, but it is in production and being revenued from the point it went into production. The fact is we are waiting for CB to tune the well to a performance level he is comfortable with.
Having said this, I am upset with the stock price. This is ridiculous and not a reflection of the company or its assets. We are polishing a hole in the ground trying to be perfectionist. I know some CEO's who would announce something at the first smell of oil or gas. We have one that is tuning the well to the X decimal point.
CB has got to start to realize there is more to running the company then field operations. I am not asking for hype, but rather a reflection of the true value of the investment. When you leave it to the market, this is what happens.
AI
