If i smell a reverse split,i'am out of here as fast as i can go. They are already on the right track. Get the production up then share buy backs are the way to go. Aquisitions done when possible using debt is ok. I would rather have a solid company at 5 cents then pie in the sky dreams of outsmarting the pink MMs.
NWOG can continue the buyback. Retire the buyback shares. Keep the float around 100-150 million shares. Continue pumping oil. Increase oil production to 1.5 to 2 million barrels for 2008. Expand natural gas production. Close pending merger deal. Also, since Russian has decided to maintain two Syria ports for military purpose, finalizing that multi billion $ Syrian deal would be GREAT! They do not need any reverse split. They can grow this beast. Just my opinion.
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