ETEJust posted this on the ETE thread after this evenings...

ETE
Just posted this on the ETE thread after this evenings quarter report..May be a ST few bags here?

"Since entering into the Option Agreement, both Entek and Elixir have worked together on a detailed  geological and geophysical review, including mapping and interpretation of the existing 2D seismic data over  the area. Both Entek and Elixir determined that the new leases potentially have the same play type as all  discoveries currently being developed by companies such as ConocoPhillips and Oil Search. "




For a company with a MC of under $3Million this looks to have massive commercial potential.This might be time for me to increase my current 180k share parcel, for the short to medium term. Would have to catch up with the EXR MC which would give ETE a share price of near 3 cents minimum.Potantial 3 bags hereimn the lows which is shell value, currently $3.9M cash.Interesting
drifta