You state my point exactly. The optioned properties will be the catalyst. Signing these will move the stock higher. With the rollback, the stock should be eligible for the National Nasdaq. Then we can attract some serious money. Remember, Steve Jacobs was featured in the Wall Street Transcript not once, but twice. Don't fool yourself thinking people with money don't know who he is. He is very highly respected, and has a sterling reputation as an oilman. Let's see what he can do given the right parameters. So far in his tenure, the price of oil was at $25, last summer, and they still came very close to pulling of a few blockbuster deals, with the stock at .25. With oil at $25, the competition was fierce. Now, the market is more in their favor, with oil at $15, and the Asian currency crisis, which lets US dollars buy a whole lot more. The properties are under option, which is a luxury that if they had it last summer, we would now probably be an oil producer. The next few weeks could be very interesting period, and might I add, maybe even profitable. Let's see what it brings. Maybe we are finally on our way out of this long boring base in the stock. I sure hope so. Even with a rollback on the horizon, a production property moves us higher.
Pete |
