According to BigCharts, the price hit $50/shr August 2005, which is really $10 before the 5-1 reverse split... and if I recall correctly, this was related to drilling and potential of new find... now, there are new deals for new drilling... so, it is very probable that the price will move higher from here... granted, it may fluctuate to form a base or something... but anyone looking for somewhat of a longer term should not be bothered by that...
disclaimer... I own EDNE and would love to see it go to $35/shr...