Yes, if you believe that they will get financing, buy a rig, and drill -- you should buy as much stock as you have cash or can borrow, as that opinion is not held by the market as a whole, as reflected in a very low stock price and market cap.
Unfortunately, the company does not have credibility for its claims. There has been discussion on this board of 'pre-sold' notes through Sure Capital (back in July), and on Sept 6, cash to be in the coffers 'in a week or so,' with these claims intimated as having leaked from the company.
In fairness, can't hold EEGC for those posts, and they don't appear to have influenced the market, which has dropped more than 50% since the RO collapsed with no cash, just heavy dilution in return for insider assumption of mostly undocumented debt.
HOWEVER, can certainly hold EEGC accountable for its early September claim that drilling would begin in mid-November.
It has now been more than a month since we have heard from the company -- or was that a mirage, the PRs are not posted on the company website. Perhaps management is spending the time readying announcement of affiliated credit cards. Although, with almost 500M shares now oustanding, will take a lot of cc to move the needle.
