hi Raod,

You make sense. This is what happened to me in spring 2006 when price reached 5:20.

I stated buying at 3.20 and in few weeks price went to 5:20 and Ibought 5000 shres at these high price and that is why myaverage is high.

I did buy at 1.00 and 3.00 though but cus I bought more at 5:20 am stil at 3.8 average

am scared to buy at even 30 cents now. THe debt scares me, am not confident in oil holding up

can you imagine we had this dilution when we were at 5.00. People could have bitched about it even with about 1billion proceeds, but seldom do ppl agree with visionaries and we would have laughned now. Now we could have borrowed at lower rate, then we could have developed at lower prices, by 2015 we would be producing 70,000bbl/d instead of the meager 44, 000.

am have no confidence in this stock. I cannot wait to break even