Extremely undervalued oil and gas company. The reason it is so undervalued is they have a prospect called the King City Project which is 10,000 acres of prime oil and gas land near the San Ardo Oil Fields in California. This property is only a 20% leasehold but at 20% it will be a company maker.
Currently the stock trades for approximately cash on hand. Management has made it clear that they have the money to go forward with all their operations.
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