I agreeGood time to average down and good post
Shawn359 .....just don’t see how a microcap company with a $100million offtake agreement signed in May 2023, proven oil and helium deposits, $1.5million in annual oil revenue and now the cash to drill into another proven oil deposit has such a low share price and a $9million market cap
Just the assets alone are worth $17million…
Most microcaps don’t even have revenue or proven reserves, and are worth more then this company… I just for the life of me can’t figure out why…?
2023 was bad for every microcap. The oil wells are not producing as expected... but they are generating decent revenue for the operation... a couple bad quarters is all it took to drop this share price.
Oversold is an understatement from what I see... fair market value for just the assets and oil alone would be what in your opinion...? I'm thinking at least $$20-$25million... definetly not $9million.