Pete, no argument that that is how the game is played and basically by all the participants. There is only one difference I can see between some of the players and the rest. That is whether or not they are at least attempting to generate projects that have the potential to turn the companies into real ones or whether they are strictly trying to pump and dump, based on anything they can get their hands on. In Jim's case, I believe he is at least trying to find something with real potential. If we wind up with a real hit over there, I would not be surprised at all to see the company sold or something of that nature, but I would then expect those of us who are shareholders to do just fine. The sale of the company is strictly speculation towards a potential end result, I have NOT heard any rumors or anything to suggest this is on the table.
The suggestion currently is that there are 7 wells that should be able to be brought into production, fairly quickly. Now, until they are actually producing, even that is speculation. However, if they do wind up producing, at the suggested flow rates and the company owns 48% of that output, the stock should be worth more than it is currently.
I am not making any huge projections, I am not guaranteeing anything, only suggesting that the risk involved in this play, at the moment appears to have diminished, at least in the short run.
Salut,
Leigh McBain |
