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Lugheads1957

02/12/10 10:57 AM

#198514 RE: robjer #198449

That's quite a bunch of replies you got from this post!!!

Just cracked the $.50 mark, and lookin pretty good here. $.30s are ALWAYS a good place to accumulate here with news around the corner.

OOPS. DOMS on the board at $.51. Brakes may be getting applied.

Well, you have an exit opportunity now, with a decent profit if you wish.

To answer your question, though you problably already know my view: I'm not sure how this company can actually have a fair price assessed to its assets when we don't even know what is in them. I think a buyout is very possible once the assets have been determined for a likelihood of hydrocarbons, and that probably isn't in the very near future. I don't consider 5 wells as being a defining of the value to our blocks 2-4, which are expected to be the strength of our JDZ assets. And we (shareholders anyway) really have no clue about the EEZ assets at this time, though that does appear to be changing in the near term, and could be a reason for the turnaround of our price this week.

I do think it is likely that once our assets have more greatly defined that we will get swallowed - just not today or tomorrow, as has been touted here for at least 3 years now.

There is a lot of noise on this board, and a lot of attempts to sway opinion. Personally, I think that after 5 or 6 or 7 years here if a person can't see who the players are, they haven't been paying attention!!!

Seems like this little thing has passed up one of those other little things I was watchin with ya. Hope that one turns around, though it is starting to look very inviting. Perhaps a little from here put there......

Gotta love those $.30s.........

DOMS still there.


edit: too funny - our posts pass in the moment...