This is good. Nothing spectacular and everything is holding steady.
What we are still following is the balance sheet and operations before the accountants get in there. As long as the balance sheet stays healthy, and the operations continue to improve, we should come out OK in the end. Here is the original post
Lets look at September’s results (click all photos to enlarge):
All three are holding steady so the original investing thesis holds. Continued improvement in those areas increases the likelihood shareholders equity after emergence is substantial vs current share price.
Revenues, thanks to the climb in natural gas prices are at the highest levels since the 11 filing. Operating profits, which will swing wildly month to month due to the timing of exploration costs, are solidly in the black. Will continue to monitor this each month…
Here is the filing:
v161861_ex99-1