I don't think anybody disagrees that raising capital from W.I. sales makes sense. The trick is to prove you can produce revenue from the property. 07 was not the banner year a lot of us expected. Hopefully 08 will be and until they prove they can economically/profitably produce on these projects the price is not going to move much. The next few quarter will be pivotal for this company. I think the 10Q will be the only reliable way to figure out where they headed.
At this point I understand why they are not releasing PRs. They need to show O&G revenue and growth from this based on the acquisitions they made on 05, 06 and 07. 3 or 4 quarters of substantial and increasing O&G revenue will be the only thing that turns us around.
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