It sure is hard waiting and watching while other stocks sold out of keep rising.
I am hopeful we are close to some announcement. No more notices of directors buying. From all I have researched, our gas acreage in Sth Africa(900,000acres If I remember) should be in demand. http://www.petroleumagencysa.com/files/PetPotKaroo%20Basins3w.pdf
We have 1.4 million acres quarantined in Quebec and recent test drilling done in nearby areas there suggest it has a good chance of being very prospective for oils. http://www.ogfj.com/articles/2013/07/macasty-shale-core-results-show-oil-potential.html http://online.wsj.com/article/PR-CO-20130716-907718.html
Our Permian assets will surely be bid on. I am hoping someone will buy us straight out. Someone like Forest Oil who has permian assets and owns Lone Pine resources (run by our ex ceo Tim Granger)and who has big interests in Canada. Or EOG who is our neighbor in Barnhart who also has Canadian assets. I also think quite possible our revenue is matching our general running expenses, so only money being spent would be that forecast in the outlook and necessary for lease preservation. No time to give up yet, I think
MPO Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held