RE:Quick Scoping of Near Term Fair Value We’ll be immediately deploying this capital into a three well program that one of our main natural gas assets in Mississippi called Greenville,” explained Atkinson
, “The results are expected to more than double our corporate free cash flow as well as our two key reserves.
This program is very quick to convert from capex to cash flow.”
“We’re a growth company that will offer equity appreciation through developing assets, building production, cash flow and reserves,” continued Atkinson,
“We have a growth target of 25,000 barrels of oil equivalent per day, predominantly natural gas, which can be largely attained through organic growth opportunities and our existing assets”.
“We feel there are creative consolidation opportunities in our focus area. In addition to the low declined stable cash flow characteristics of our current asset base coupled with a similar type assets, we plan to acquire and consolidate.”
“Within our US Gulf Coast focus area, it’s a very transactable jurisdiction,” stated Atkinson, “We’re looking at assets ranging from 2,000 barrels of oil equivalent per day to over 15,000.”
“With a modest capital infusion from our recently closed equity financing, we’ll be able to deliver self funded organic growth, which we expect will again quickly translate into share price appreciation for investors,” concluded Atkinson.