Jett, smart move to give this one a wide berth. There's obviously going to be a huge writedown to their proved reserves, which are due out by a week from Tuesday since that's when the 10K is due (or maybe they'll just prolong the agony and take the 2 week extension). Given the poor well performance combined with the lack of funding, its hard to see them coming up with a PV10 value that would not require some sort of writedown, but let's see what happens.
For folks looking for a good E&P microcap, check out Osage Exploration (OEDV) -- they are in the Miss. Lime play in Oklahoma, and just recently became an operator for most of their acreage.
News 
Market Data 
Discover 
AI
