While some have continued to question NEP's financial reporting, the company has addressed those issues, and quietly been pumping and selling hundreds of thousands of barrels of oil and selling them at wonderful profit margins. They've also been reinvesting the millions of $ positive cash flow in productive new oil fields. No debt, great earnings, lots of cash on the balance sheet, growing asset base. At its current price of $2, it's selling for less than 2x trailing 12 mo earnings. I predict they'll make more than the current stock price in net income by mid 2013. That means getting all your money back in net profits in less than 18 months. Almost like getting the company for free.

Have taken $5m in questionable loans from shareholders and seem reluctant to start their announced buyback despite supposedly having $80m in cash.