RE:RE:RE:RE:Not Much Excitement With oil anticipated to hit $120 by june 2022 this could be a very profitable investment. There is a major opportunity with oil at those prices, if you have producing properties, the next 12 months could set this company up for mutiple years to come. All comes down to management how they manage the money. Their drill programm seems aggeessive and i like that because of oil price outlook and to ramp up production. Im not familiar with their land packages yet but if they can hit on mutiple wells and get good production things can really change.
I would like to see AXL hit 3000bpd mark 6-12 months.... haha
Im looking forward to the next news release and company update.
GB
gamer007 wrote: GB.............. this deal has nowhere to go but up..........
My take from the video conference :
............2 pepper gas wells to start producing for a total of 9 MCF/day..........this will generate serious cash flow soon.....and turn some heads as it becomes real.( the Alberta gas play alone is worth the market cap of the company as we speak)
..........................The low hanging fruit at the Tapir b;ock .....with the targetted 6 light oil pools...........to be drilled at one a month all of next year..................production target 3000 bbls/day..............
............multi year targe of 10,000 bbls/day
..
.........new concession may soom be awarded in Magdalena basin for another 20 ptential wells, CNE board members are assisting with their local expertise to achieve this
.........company reviewing another project that recently came across their desk,
........Marshal Abbott confirmed IR program to kick off once gas is flowing.........
.........CEO MA stated he has done this 6-'7 times before
........market is still a sleeper as this board and ceo.ca are dead
......IMO this is as close to a bottom as one could find out there
.......A VERY compelling story, needless to say !
GLTA ...........!!!!!!!