Well im sure with MIN in a bidding war to buy AWE and MIN buying Empires assets, there wont be a shortage of people that would be looking to fund UIL's exploration
The fact that the area is now in play and the oil and gas market has significantly improved - means that there might now be a chance that your paper loss could turn into a profit. Atleast you didn't sell the lows and now have a chance of breaking even or more
UIL Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held