From my understanding (which means nothing as JB is really the only one who really knows what is going on) we will get flows from flying A sometime between today and 9 months from now.
This is what is supposed to get us above .05.
We Are awaiting flows from Abilene probably after the lawsuit that is going on in Texas wheras JB is confident our leases will hold up in court(and so am I) We have the first right of refusal for any other well on that property meaning JB will only invest in a well that he knows will be a gusher, no wasted money on non producing wells. So having said that your guess is as good as mine as how high the stock will go with news of flows in Abilene. But I think .25 is achievable since we are done with the diluting for now.
Now about the dilution ...We have officially stopped selling shares of Indocan and raised close to 1 million dollars to partner with some deep pocketed entity wheras we become the general partner. JB has alluded to going partners with Big Oil possibly CHINEESE on a major project, now with that news on the horizon very very soon I think since we already raised the money and JB is a shrewd deal-maker.
JACKIE-G I would try and lower the average price if you can sell some stock that is not performing or you know will not perform for years. IE if you have any large caps as I think we will not see a rally in large caps for sometime (IE. GE LU)or any ethanol plays I think you could sell an ethanol stock and buy it back cheaper next year in order to buy 5 mill more IDCN to lowere you average in the .002's. My average is .0022 and buying more.
Good Luck
I hope we hit the jackpot.
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