In regards to PRRPF.
I do feel that the situation has changed for stockholders since the Texas program began some many months ago. Many new shares have surfaced. I recommended not long ago that investors take a piece of profitaking to secure their positions without holding all the risk. It appears that many have completed that task. I myself followed my own advice.
I stated previously that PRRPF is not NYSE, but the Canadian venture exchange.
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Do you think that their Scanio/Shelton No.6 well in the Mission River property in Texas has the potential to be a "big" or possibly a "Very Big" find? And with their (just) 10% interest in this particular dig, do you feel that we, the shareholders can see a share price in the neighborhood of $1 in the not too distant future?
response: 10% is a starter position for a small company. Add the 10% wells together and eventually the revenues blend to a significant some. The Scanio/Shelton #6 does have the potential in regards to be what the Gunther Warren wells produced long ago. For a $1 share price? Depends on proving reserves and most of all production. Short term $0.35? I think the answer is the same as to the long term basically.
We are in a pot luck toss up presently. Heads or tails! Which way do we get ready to run? The company just posted a new 10,300 interval update. They are going to complete the well, have commercial production reserves supposedly and intend to bring in a service rig to fully bring the well to life. Then we will all see what we have 10% of.
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I have not really giving you a direct answer. That I apologize for. I do not want to mis-lead.
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