Since our initial report, HTOG's share price has declined from around $0.06 to $0.002 mainly due to slow progress in connecting the Palo Pinto County wells and revenue growth below expectations. In addition, the Company will require significant external financing to continue its exploration activities; this will likely be funded by equity sales and cause share dilution. Despite these challenges, we think HTOG has attractive, under-valued energy assets and significant upside potential. Accordingly, we are reiterating our Speculative Buy rating for Heartland Oil and Gas Corp.
SEE HOW MUCH POTENTIAL THIS HAS!!!! THE FUTURE IS AWESOME!!! SOO KEEP STACKIN LONGS!!! YOUR IN FOR A RIDE!!!
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