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Friday, February 10, 2012 12:18:43 PM
"The Company has one well that that has recently began to produce. Although the Company has accrued limited production and sales of natural gas during this quarter from this well, as of August 4, 2011 the Company has not yet received the cash proceeds from this sale of natural gas. As the Company completes wells and begins to produce oil and natural gas it will incur production costs. These production costs will be funded from the proceeds of the sale of the oil and natural gas produced from those wells."
This is from one of their recent filings. Looks like they finally got revenue coming in. I found this on the yahoo boards.
Hopefully we will see the revenue reflect on their next filing!
Looks like we may be moving further north soon!!
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