no movement $?, page-12

Geez Mikey,did you read ANY of the annmnts in the last year?

The VERY first thing I do if interested in a company is read as many annmnt as I can AT LEAST A YEAR BACK to see if I still like it after this basic research habit.

May I SUGGEST that you make it an obligatory habit(to read those annmnts) when investing in this end of the market as it was a well know fact that the consolidation was coming and the company even put out an effective warning statement giving the consolidation timetable.

I find it hard to believe that anyone wouyld invest in this company with a short to medium term gain expectation after all the info/opinions imparted here.

It has been pretty much done to death that any major gains will now be made come the successful development and production from Penumbra and DeWitt.

Yes there are other things in the works such as Botswana drilling and Kenya and other possible acquisitions that the company is chasing in various stages of development.
BUT, this is tantamount to investing in a tiddler oiler that is drilling its first well imo.They are purely speculative trading plays of which the timetables are not certain,as many here will atest to!

It will double from the current sp if Continental gets their act together with their project development,but hell man,youve gotta give it a bit more time!

Patience is a big virtue in this part of the market and many would say its the biggest overiding factor as just about all these companies experience at least one major hiccup along the way that slows things down.

d.