Post by
Lionwhisper on Oct 18, 2022 10:07am
Faitgue
I think most investors will be very fatigued with how long this has taken and likely will sell too soon. Of course you would be happy with a 2 cent stock going to 20 cents, but you have to see that the follow up potential is based on proven facts, not depending on a partner that will or will not pick up the phone anymore. Selling before reserve report or publically disclosed production rates from restarted wells is leaving a lot on the table.
That will leave the door to monkey and friends to mop up most of the real profit.
Proven Reserves carry 90% certainty, back this up with 10 wellbores that can be accessed day 1, no need to bring in rigs, previously field was selling 1,500 bbl/d run by incompetent operators, massive potential.
Resources also have value but less certainty due to lack to direct production analogy (which in this reservoir would not take long to prove -less than 8 months).
Comment by
Lovethegains on Oct 18, 2022 10:22am
All I ask is a tall ship and a star to sail her by. All aboard, everybody. ;)