GB, No haven't done any DD, just instinct at this point. If they have to change their operating status, it could take another 12 to 18 months for the company to turn around. My plate is filled with other companies waiting for the rebound. I like you will keep it on my watch list and see what happens.
Some other OIL Companies I'm waiting on right now are:
ACKO
ATEX
ATUX
COGL
FLWE
HOGC
Right now they are all good buys, (IMO). Until these pay off, am sitting tight. I'm not holding these long term like Unico. Looking for payday! But who knows what I'll buy next year at this time. I'm playing the long shot on all of these. I bought enough of ATEX to keep for a couple of years, but haven't figured out how to play it yet.
PS: Both ACKO & ATEX have property located east of Austin around the Giddings, area. I used to drive through there all the time going to and from Austin to Houston. Lots of oil wells in that area. That area is know as the Austin Chalk Zone. Do your own DD.
Beware Bull's Ready to Run - Before investing $ do your own dd. All posts are my opinion.