RE:Investment Ideas See SOU at $1 with a near term $3 target.
Same crowd that built ATH.
Natty gas in the South currently receiving $13 US per MMCF for part of their production .
Current production 3700 boepd enroute to 25,000
Just completed their first 3 horizontals with combined IP30 of 2400 boepd for Gen 2 type profile enroute to Gen 3.
New 5 well program begins in early Q4 with first 3 well pad online by late Dec.
See GMN.....$0.90.
Just sold their Gold deposit and now hold $130 m in cash and liquid investments and no debt...$2.60
per share CAD 90% cash.
Only about 4 m in the public float and they have been continuously buying back shares for years and paying a modest dividend while doing so.
Waiting to see their next move when final $6 m is comes out of escrow soon.
Perhaps Dutch Auction or might even go private by buying out the remaining few retail shareholders like me....just my guess