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UIC Jeff

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UIC Jeff

Re: Bobwins post# 126

Tuesday, 08/09/2011 1:53:42 AM

Tuesday, August 09, 2011 1:53:42 AM

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2 wells @ 100% hooked up and sales starting yesterday.

Quarterly development report posted.
http://www.asx.com.au/asxpdf/20110809/pdf/4208tk7ffmyn61.pdf

Everything seems to be chugging along on their drilling program, with some delays. I suspect the price of oil and the market panic is pushing this stock down to 60 cents, but I have to think the increase in cash flow, the drilling program and the hope of a NA listing is going to push this stock up long term.

Thoughts?
Jeff

"Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. " -- Gordon Gekko/

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