Energtek Inc (EGTK)

[blackpeter1]

The news we are waiting for is the partner they are bringing on for the Israeli projects (oil & Gas). That partner is going to have the resources to start drilling. In the meantime, they are bringing in large contracts for the transport and storage business in Serbia and Bosnia. This is just the start. There will be multiple revenue streams. If the company didn't pull the chord on the Dimri deal then the stock would've most likely been trading over $.50 by now since they were the ones who were bringing in capital for O&G (E&P) operations in Israel. The other thing that may take place is a straight up IPO on the TASE but I doubt that will happen since it will be a lot more effective to partner up with a E&P company. We're probably better off with a partner rather than raising funds. I'd rather give 49% of the Israel projects to another company who specializes in E & P and has deep pockets. Makes much more sense for us imo. Once the partner is in place (imo anyday now) they can raise additional capital if needed at higher prices for transport and storage business. They don't need much there because revenues and profits are flowing and will be exponentially growing throughout the year. Of course they need some but not much at this time and they won't give a lot of stock away at low prices.