I was pleasantly surprised by the close to break even Q4 considering the refi expenses. This bodes well for 2013. The interest expense should drop by 600K in 2013 plus drilling a second disposal well should provide capacity for double the revs. Second disposal well has to be drilled but financing is supposed to be there. Revs should start to climb in Q3 and be significant in Q4.
After I talked to CEO, I was pleased with his approach, Get the financing fixed so the company could move forward with positive operational changes. He says that the stock price was not a high priority until he got the financing fixed. We'll see if he can provide positive changes in the PR department as well as the operational end of the business.
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