Houston Natural Resources Corp (HNRC)

[Crawfors]

SO now that we discovered the share price was plummeting NOT because of actual investors selling, but because the company was selling shares--

i'd say NOW is a good time to begin buying

the net asset value of the shares is $4.00

now next year their equipment will double-
and they should have those 83 wells pumping.

I would put my reputation out there and say the shares will be valued at $5-8 next year.

Now whether or not we hit that share price is a different story.

It all depends on if the company puts out another 5-10 million share out or not.

They are making enough money now that hopefully they don't need to add much more for the foreseeable future

we're at 18 million now.

I'm comfortable getting up to 25 million or so.

Beyond that we lose the advantage of a low share count and a big reason people are going to come here is profitability and a low share count