Big question you have to ask is "In this period of low POO will the coy be able to turn a profit let alone drill a couple of wells without having to raise again or better still how they will be servicing their loan or risk of dilution"
A good story to watch but only worthwhile if they are turning a profit, seen too many promising the world and delivering very little.
Ann: Austin sells Texas Birch property for $1.5million, page-11
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