Post by
gamer007 on Nov 17, 2021 12:01am
Still EARLY days my friends !!!!
This is the deal of 2022............in 12 months we could be producing 8-10,000 boe/day just from the existing land base...........the estimates put out by the company have been conservative as they want to outperform expectations.......free cashflow of 55 per barrel is their present experience at $80 oil..........easy to do the math !
Market wise.............we are just sucking up all the tired paper going back all the way from Oct.2018 when Front Range was rolled back 8.5 to 1 in the RTO to take Arrow Exp. public....
Today I took some paper at 17.5 with an odd lot attached.............thats how you know !
The only thing between now and $1.50 is getting this low hanging fruit oil pool flowing to 10,000 boe/day...........this is just a low risk development program as articulated by Mr. Abbott.
Carrizales South (which is attached on the south boundary of our Tapir Block) ended up producing 9 million barrels and was sold for $500 million........we have that same pool structure running onto our property......DUH !!!!!
IR to start with more media coverage maybe this week............the price is still here as it is mostly still owned by tired old holders, who are happy to get a extra nickel
company is not well known at all as it has been in rehab for over a year................... but that is about to change !
We will just keep sucking up, and sucking up the cheap paper...........
"I get in early when something is unloved, and I wait patiently.......yes, I am very patient" Quote by Rick Rule (His recipe for getting rich)
GLTA
Comment by
Rob0012 on Nov 17, 2021 11:03am
11:00 today, a huge bid of 505k sitting at 19 with a little 5k as traded volume. So interesting... Rob