Value Microcaps Motherboard

[cliffvb]

Char secured a new credit facility with BNP which they say will meet all of its capital needs in the coming year.

1st qrtr oil production average 8,660 bopd vs 8,224 bopd in the year ago qrtr. They also note that current oil production exceeds 10,000 bopd, so the coming qrtr should be terrific. They also estimate production of 12-13,000 bopd by year's end.

I can't confirm it but I have read that the BOD of Nelson Resources (which owns a majority of CHAR) reads like a who's who of Kazakhstan. This should be a big help in wading the political waters there. I'd be buying more here if I wasn't already loaded up.