Agree, and with the price of Oil these days, small Companies are cutting back or boarding up till Oil gets back over $80 and that could be a few years.
I believe Jerry is smart enough to realize this and there will be no more drilling etc for the foreseeable future.
Diversification is the best bet for the Company to get out of this mess.
Oil prices have collapsed and many layoffs are taking place everywhere.
I believe XNRG will close up shop on producing Oil due to the economics and Jerry as an accountant knows that better then most.. Drilling any more sites is a waste of good money and company is well aware of that.
Can the Company diversify?
That's the $64K question.
2015 will be interesting.
Good Luck to all and don't look at any Oil price charts.
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