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Nexera Energy Inc EMBYF


Primary Symbol: V.NGY

Nexera Energy Inc. is a Canada-based energy company with oil producing properties in southwest Texas. The Company is engaged in the exploration for and development of petroleum and natural gas properties, principally in Alberta, Canada and Texas, United States. Its projects include Stockdale Horizon, Lavernia, Wooden Horse, PRI Projects and DCRC Project. The Stockdale Horizon project is located in Wilson County, Texas. The Lavernia project is located in Wilson and Guadalupe Counties, Texas. The Wooden Horse project is located in Guadalupe County, Texas. The Wooden Horse has approximately four leases totaling over 500 acres in the Kingsbury field. The DCRC Project is located in Duval County, Texas. It has approximately five leases totaling 896 acres in the Piedre Lumbre and Petrox-Government Wells fields. The PRI project is located in Atascosa, Bexar and Medina Counties, Texas.


TSXV:NGY - Post by User

Post by Notmyfirstrodeoon Jan 02, 2021 5:12am
147 Views
Post# 32208838

Why

WhyWhy does it always take so long for these guys to complete and test a hole. Once a hole is drilled it has to be completed and usually the rig that drilled the hole runs the casing and that should not take more than a day on a shallow hole like this. I say shallow because I have been on 5000 metre holes that get completed in two days and they only went 6000 feet. Some testing can be done before running casing so if it's not worth the cost of running casing they just plug it off. It's ten days since they finished drilling and if that hole has any oil it should be producing. Maybe it's because they do so little that they want to stretch things out for as long as they can. Been following this stock for years and got most of my money out before the disastrous consolidation but they never seem to drill, complete and bring a hole into production in a timely manner. There are plenty of guys that used to work in the Alberta oil patch that can do this and would love to get to work, fire Mike's lazy, useless a$$ and hire some competent people. I've been involved in drilling a lot of holes and it does not take this long. 
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