Crimson Exploration, Inc., through its subsidiaries, engages in the acquisition, development, exploitation, and production of crude oil and natural gas in the United States. The company owns and operates oil and gas properties, which includes approximately 137 productive oil and gas wells located in several fields in Texas, Colorado, Louisiana, and Mississippi. It had estimated proved reserves of approximately 3.0 million barrels of oil and 29.1 billion cubic feet of natural gas, as of December 31, 2004. Crimson Exploration also owns and operates two workover rigs and one natural gas gathering system. In addition, it operates crude oil and natural gas properties for other working interest owners, as well as markets and transports natural gas for those owners. The company was formed in 1987 under the name Gallup Acquisitions, Inc., and changed its name to First Preference Fund, Inc. in 1992. It further changed its name to GulfWest Oil Company in July 1992 and to GulfWest Energy Inc. in 2001. Subsequently, the company changed its name to Crimson Exploration, Inc. in June 2005. Crimson Exploration is based in Houston, Texas.
Let's see if this does anything from its current price point of .85/share...