GeoPetro Resources, Co. (fka GEOR)

[catdaddyrt]

Tim in 2008 NG was at 13 bucks per 1000 mcf it was good money then

if you look at this chart 06-to date the PPS was about where it is today with NG at 4.14 mcf when the market was booming this company was not -unless there is a substantial change in direction from the management(and that takes money) I see nothing to look forward to here - I am in Texas(you too I think) in the gas fields and until we start using it in vehicles and other applications the price will continue to be stale -imo oil is another story right now -lol

Since 2003, substantially all of our revenue has been generated from natural gas sales derived from the Magness #1, the Fannin #1, and the Mitchell #1 wells in the Madisonville Field in East Texas under spot gas purchase contracts at market prices. Natural gas sales from the Madisonville Field are expected to account for substantially all of our revenues for the remainder of 2010. We expect the majority of our capital expenditures for the remainder of 2010 and in 2011 will be for the Madisonville Project and gas processing plant.

how you been anyway ?