nice move but still cheap.i thought they would list last week at...

nice move but still cheap.

i thought they would list last week at around 20 cents, so was happy to pick them up 12-13 cents.

i think they are still finding their legs as small holders sell, happy with their stag profits.

but i dont think top 20 holders will sell, or face missing out on future allotments in LIO and ETE ?????

that doesn't leave much to satisfy the demand side if we get good news from the 5 wells in GOM.


they are 6 cents in the money, and 4.5 years to expiry x at least 3 cents per year time value= 13.5 cents.

=19.5 cents.



ann. from Gulf of Mexico expected in the next few days.





good luck to all