Post by
Roddiggiti on Apr 20, 2022 3:43pm
VUX Reserves
I'm excited to see their new 51-101. Last one filed was with sub $50 oil and sub $3 gas. Value of $50 million USD with 1.2 million barrels of light oil, heavy oil and gas. That was when they were producing 400boed. Imagine today with current energy prices and 1000bopd, could easily be 2 million barrels worth over $100 million usd.
To top it off, they have dozens of drill locations across several properties and CBV.V even says in their md&a(which comes out earlier) that they have 3 confirmed wells to drill with Vital.
This shouldn't be less than $1 right now, but the market wants to see Q4 2021 and Q1 2022 before it gets there. Clean books with cash and more drilling.