guys EPS are based on profit not revenue. While I agree it is great for success what type of profit can they derive from 30 Million. 10Million divided by 625 Million shares I cant recall how many they have. but it equates to 1.5 cents per share in this market if we get 10 times it is miracle so 10 cents may be short term target till they drill offshore. Don't forget they need to establish reserves.
I like it but it will take time to be fully reflected in SP. My guess is 7 cents monday slow crawl to 10 cents by years end. I have 400 K reasons to hope I'm wrong but don't forget we are cash poor. I would sell down 50% for cash ( that way we are not diluted) into the offshore drilling with BPT. This is when we can hit the big time.
EPR Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
