The bid is 0.08 and ask is 0.4 - a really large range. My advise is think of this stock as a slot machine. It may hit or you may lose all your money. With no information disclosures, we are all in the dark. That being said, I am encouraged by the buda formation and the reservoir potential. I just drilled several wells in a similar formation and received great results - long horizontals with huff/puff steam cycles work great. I would feel a lot better if I was involved in the planning and drilling program but...
What concerns me most about EGFDF is if the results are good will that value transfer to the stock price or just be pocketed by management. Honestly, the lack of information makes me uncomfortable. I do own some of this stock and plan to hold it for the long-term - I consider it Vegas money.
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