The Company with its subsidiaries is engaged in exploitation, development and production of oil and natural gas properties primarily in the Cotton Valley Trend of East Texas and Northwest Louisiana and in the transition zone of South Louisiana.
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GDP is cheap! Insiders seem to agree as they have been buying their stock aggressively in the open market over the past 10 months. You are currently buying GDP at less than year-end 06 NAV.
GDP is hedged succesfully for 2007 and shouldn' t be hit as hard should nat gas prices stay weak for longer.
This is from late 2006