GREY:BNKPF - Post by User
Post by
Carbonbullon Jan 03, 2020 11:51am
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Post# 30515417
what to expect year end numbers
what to expect year end numbersNot much was accomplished during the quarter so i expect to see significant reductuions in G an A along with a reduction in outsatnding debt circa 4 million usd , so entering new year with give or take 23 million usd in debt against a solid asset base , absent a strategic buyer or JV partner i expect the company to drill two wells at least to arrest decline and continue cash flow , i suspect that bank of oklahoma would be fine with this and would provide the gap funding needed ... if they stick to the knitting and go back to old frac proceedures i beleive that will produve very respectable wells, Meanwhile it is your compnay and shareholders ultimately value their own company, i have finished buying what i want to own for this time so will be on sidelines this quarter.