RE:RE:RE:RE:Drilling startedYeah they gotta drill more forsure to clear the 40 million liabilities.
OIL seems like a sleeper if they can get more funding which i find hard they are having trouble doing so. The sector is bumping on all cyclinders. Are they drilling any wells currently or waiting to raise more cash?
GB
Bigshortie wrote: at quick glance I see $40 million in liabilities on the books. revenues were $3.5, but expenses $3.1. all said and done earnings about $0.3. thanks though, will keep an eye on PEI. as production increases margins should improve. need to dig through weeds re: working interest, revenue interest, etc. what I like about permex though is they have a long runway, and no debt. they just need funding (badly). there will be dilution but I'm ok with that -- as long as they drill more wells. should be bright future for most o&g companies for a few years yet.