Actually yes I still do like it. I was in at $2.3 a share...now down to 44 cents. They have a book val of approx 35 cents a shares, with cash on hand of over 100 mil. The huge drop in price was because the first two holes they drilled came up empty....but they have a lot of 'enviable' land. As soon as they strike good, sometime in 2008, this baby will fly.
My only regrets are buying too early....and buying heavily too. Oh well.....we can't win em all
Good luck to ya
Zman
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