NEP, yes 40% only happens in 2012... however, it's like a biotech company with one of it's key drugs nearing patent expirery. The earnings get discounted.
The 20% extra should be discounted, however, I think they will make great usage of the cash.
These are my estimates for Q4
Q4
Net Income from oil if 20% takeoff 4,763,103
Net Income from oil if 40% takeoff 2,289,785
Net Income from drilling 3,770,000
So, to me it's primarly a drilling services company... which does a little oil.
rich