Contax's Five & Dime and a Couple of $$ too Investment Fund!

[Options2Wealth]

Hi TechKim,

I am not sure if you have been made aware of the fact that you are the de facto "Resident" Oil and Gas Industry Expert for this Fund and every time I need Expert opinion, I have to defer to you...



So, my question is regarding PRRPF...Since last month, I have been slowly accumulating this stock and am now sitting on a pretty sizable position which is spread out in 3 separate portfolios...I would like to hear your thoughts about the recent development(s) at this company and in particular, their today's news release...Do you think that their Scanio/Sheldon No.6 well in the Mission River property in Texas has the potential to be a "big" or possibly a "Very Big" find? And with their (just) 10% interest in this particular dig, do you feel that we, the shareholders can see a share price in the neighborhood of $1 in the not too distant future?

BTW, short term, imho, the chart is signalling slightly "over-bought" condition, but, it still easily can make a move to the 33¢-35¢ region on good news...

Thanks!
contax