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Re: xZx post# 5272

Wednesday, 08/01/2012 9:40:09 PM

Wednesday, August 01, 2012 9:40:09 PM

Post# of 71458
No. I've worked in the oil n gas industry the last 7 years from the ground level to where I am now I'm a management position. I know what's going on with this company. I've checked their financials compared to the timeline on the chart and this is seriously undervalued. They've not produced $1 in revenues and are now on the verge of netting close to $1mm annually on this well. (A guestimate as I'm being lazy atm).

The thing I'm unsure of is if they can sell the gas that this well will produce. The last 10 years all those shale gas discoveries surpassed this countries usage so a lot of producers quit drilling for it and slowed their gas production because of nowhere to sell or store it.

Regardless, I'll be slapping my way through these doors on the mid morning dip.

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