Post by
magnuswave on Jul 19, 2022 10:40pm
New Deck should boost share price
I'm hoping to see an updated deck with recent flow rates and number of potential well sites so that we can all extrapolate what kind of production we might expect monthly and yearly. Applying a multiple on that cash flow using industry avaerages will give us a better idea of upside potential. Although ownership per well is small now, perhaps they can cut a better deal with the same partner on future land acquisitions. Seems to be a hit and miss area. Too bad we got such a low percentage compared to the first deal with this group. Almost wonder if they gave us the wildcat drilling sites and kept the low risk opportunities for themselves. Anyway the good news is there should be further opportunities in Kansas and perhaps elsewhere. Also looks like approx 400k should come in from recently announced warrants if we can achieve a price above 7.5 cents for a few days. With monthly news flow we are on our way to a much higher share price.
Happy to see the longer term shareholders rewarded for their patience. Onwards and upwards