So let's see, last week they posted a letter of intent. Nothing wrong with that but as seen in the past, intent letters are like football plays. There all perfect until you get to the line of scrimage and see the defenses set up and then you call an audible. Letters of intent should always be taken with a grain of salt. That being said, FEGR has working wells and has refurbished some others in their already owned leases. That would lend, to me anyway, that this letter of intent actually has some teeth to it (merit) when it comes to it's fluidity. I've owned this for 9 days now. Am waiting to see more substantial news. I'm hoping it's short term (2 weeks or less) but if long term, so be it because imo FEGR should be in the teens cent wise already since they do already appear to have oil producing leases. IMO FEGR is worth holding medium term (1-2 months) and no longer. We should have news by then. If we don't, they they audibled out of that letter of intent or it was never real in the first place. So if you buy in here, be expecting to hang on to her for at least 2 weeks. I would expect to much more drop from .0059 though as she is being watched and most know that at this level, she is a steal.
