Art, re Kroes. I sold out a while ago because of the slow progress in drilling and production. The Canadian venture is bound to require funding. The private partner has the land and drilling personnel so guess what Kroes contribution is going to be??? $$$$$$$$$
With the increased taxation in Ukraine and the political uncertainty, I think there are many better prospects than Kroes. They are careful with their money and I think mgmt is honest but they have a difficult path to profits from this point forward. Unless their private partner has some killer prospects, I think Kroes will have a tough time creating a lot of value in the near term.
Bobwins
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