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Nexera Energy Inc V.NGY

Alternate Symbol(s):  EMBYF

Nexera Energy Inc. is a Canada-based energy company with oil producing properties in southwest Texas. The Company is engaged in the exploration for and development of petroleum and natural gas properties, principally in Alberta, Canada and Texas, United States. Its projects include Stockdale Horizon, Lavernia, Wooden Horse, PRI Projects and DCRC Project. The Stockdale Horizon project is located in Wilson County, Texas. The Lavernia project is located in Wilson and Guadalupe Counties, Texas. The Wooden Horse project is located in Guadalupe County, Texas. The Wooden Horse has approximately four leases totaling over 500 acres in the Kingsbury field. The DCRC Project is located in Duval County, Texas. It has approximately five leases totaling 896 acres in the Piedre Lumbre and Petrox-Government Wells fields. The PRI project is located in Atascosa, Bexar and Medina Counties, Texas.


TSXV:NGY - Post by User

Comment by Notmyfirstrodeoon Oct 09, 2020 1:40am
57 Views
Post# 31694297

RE:Earnings report due by October 15th

RE:Earnings report due by October 15thI don't see any reason why their financial position will be any better and it may be worse. They haven't done anything since the consolidation that was done at the worst possible time. The share price hasn't recovered to pre consolidation prices and they have done nothing to increase shareholder value. Drilling was supposed to happen in August but didn't and no update as to why. Drilling the holes they do doesn't help much, spending hundreds of thousands on a hole that produces three barrels of oil a day and ninety seven barrels of water doesn't make much money. I think this may have become just a way for management to collect salaries for doing virtually nothing. 
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