Posted On: 01/06/2014 2:21:30 PM
Post# of 89077
$FNRC@0.0003>>$$$$$$$>>UNDERVALUED>>NEWS OUT>>>$$$$$$$$$$
Shareholders equity = $10 mil :
http://www.otcmarkets.com/financialReportView...;id=113084
=> Book value per share = 0.0005 (yes, counting all of the authorized shares)
~90% of OS are restricted stock held by two directors.
Drilling of the first of 8 wells with 100% working interest just announced today => expect MAJOR increase in revenues.
Utica shale play is planned for Jan 2014 - HUGE POTENTIAL, and it is just icing on the cake, they are undervalued even without the Utica shale developments.
Shareholders equity = $10 mil :
http://www.otcmarkets.com/financialReportView...;id=113084
=> Book value per share = 0.0005 (yes, counting all of the authorized shares)
~90% of OS are restricted stock held by two directors.
Drilling of the first of 8 wells with 100% working interest just announced today => expect MAJOR increase in revenues.
Utica shale play is planned for Jan 2014 - HUGE POTENTIAL, and it is just icing on the cake, they are undervalued even without the Utica shale developments.
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