do these guys have enough cash to survive june, page-4

I realize bank looks thin, but I think they have a 50% strike rate now.....Looking good from where I am sitting.

I have been sitting on EGO for over a year, the amount of dry holes they have dug - be a golf course soon.

Seriously, last announcement satisfied me, they have two ready and income this quarter, plus either galveston on line or for sale. Whats Galveston worth as a salable lease? More than the exploration cost I should imagine.

Oil price rising and should now slowly rise till Christmas, NH winter and coming out of gfc.