Ann: JW Powell Well Fracking Operations Complete, page-30

It's a pretty wild statement I'm about o make. Because of the last reduction I'll never be in the money unless they strike a 5000bbl/d well.  However assuming that without having to chase money and retaining the status quo with 1.23 billion shares they would have to earn ~$3 million to show a PE of 10 (not counting the ops) which with a good well result and a gas contract could possibly be achieved.    So I can see the gambling logic behind buying the shares at .007 or .008 ........ but the biggest gamble would be reduction #3 which would render most holders investment value at double ought zero. In the cold grey light of dawn I think Sectors comments are actually letting FPL off lightly.