I agree. Now, we want to throw all this out for the Padgett news.
When I invested over 20 months ago, I invested in 7000 acres with 100 NWI, PRI revenues and reserves, 2 rigs, experienced and honest drillers, and no debt. They had just done the 3D survey, so they knew they had the potential for a diamond in the ruff. That diamond is the Padgett today.
Let's not lose sight of the fact of the total story, that has never been told publicly, except for by GEH and other posters on the boards. Here is a question, did Padgett 11 have any contribution to the huge profits reported in the December quarterly numbers the other day? Did Padgett 11 have any contribution towards the huge production increase reported on TRRC the other day? I think the answer is no.
I would like to see them PR all the information supporting these numbers and other interesting items and then follow it up with the blockbuster Padgett story, starting with 11, then followed by 12. If we are holding Padgett news back to get our ducks in line or to get new surrounding leases, fine, but don't let this thing slide into the ditch for another month(s) of silence otherwise.
If it is truly a SEC silence issue, fine. If we are holding back because of overly cautious lawyers or to focus on the Padgett news, that is a mistake. Lets show the world execution, publicly, with the numbers we just reported. If we can, we should be shouting this performance out from the highest mountains and getting the valuation up to where it belongs based on just the assets alone.
We need to start getting positive visibility, and get rid of the negative presentation and mystery that has surrounded the company since the SEC review started in May of 2005.
