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Re: PeterGates post# 21267

Sunday, 08/18/2013 9:57:13 AM

Sunday, August 18, 2013 9:57:13 AM

Post# of 70710
Me too, Peter. I hope we are drilling in the Kreyenhagen prospect by September at the latest, and when that happens an eventual rise to the pennies as a start this year.(From what others posted, this prospect has an abundance of value) But, as it relates to question #7, do you feel our share structure isn't an issue? If any dilution needs to be implemented, will it be non-toxic and are most shares restricted to begin with?(With what's lined up on the horizon, I wouldn't want to see a R/S of any kind. I received an email last week stating the company has no plans for a R/S, as I've been through 3 or 4 before.....all left the company and shareholders in a rut) If dilution is a problem, then a share buyback would seem very logical. Our book value is .20 I believe, and a few have stated we could far surpass that. Based on the assets alone--82 million barrels--at Kreyenhagen some have our PPS calculations at $1.50, conservatively.(Based on that information alone--post 20070--I hope we experience a milestone 2014)
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