OTCQB:PSHIF - Post by User
Post by
metzgfon Jan 05, 2005 7:29am
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Post# 8387870
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ReportIs there anything in the report about the PSH monthly income? It says there is $300,000 on hand but there is also income minus expenses. Is PSH spending more than is coming in? I believe it also says that to continue operations, PSH must continue to raise new capital. If Texas is paid for, and I assume each well is producing a profit, that means shortly there should be 12 wells (hopefully) providing income. If the next well in Michigan is a winner, and the pipeline is installed, this should be bringng in additional income. Income from Alberta is in the future but initially it will not cost PSH any additional expense. It sounds to me like the additional capital required would be for other projects.