RE:RE:Update?....These wells have been in production for almost 4 weeks - surely there must be an update coming soon?... This acquisition has the potential to change SHL.v valuation metrics dramatcially. Company has no debt so what will cash be used for? Fund exploration? Dividends? Great Burnt pruduction? Anxious for some news!
July 19, 2021:
John Ryan, the company's chief executive officer, stated: "We expect to have three oil wells producing oil by the end of the week. Minor maintenance may be required before additional wells begin producing. The water disposal well will be activated immediately and will receive third party water. The oil will be skimmed off thereby generating additional revenue."