Argyll, tough choices.
FPPC vs Aspn. Here's my two bits.
FPPC has just had a big runup and has sustained price fairly well. They are on the cusp. If the new well hits, they could be in for a big pop. CEO works hard for shareholders. They made .03eps for the last qtr.
Aspn.ob has had a more dramatic increase in production and eps resulting in .07eps for q4. Both stocks are around $3 so FPPC is twice as expensive on a p/e ratio basis.
However Aspn doesn't have jumbo well possibilities. They go after decent sized ngas wells but nothing huge. They have 10 prospects for 2005 but don't necessarily have a whole field of prospects. They typically buy prospects one or two at a time. This and their history of staying in the Sacramento area will likely limit their total growth in production and revs.
I like and own both. I found Aspn.ob first and think they have demonstrated better growth thru drilling. FPPC.ob does have near term potential because if the well hits, they will have more nearby prospects in their concession.
Good luck, Bobwins