RE:RE:RE:RE:Why is this moving so fast? Personally I like tired old developed assets that you pay 5 to 10 cents on the dollar for. I would assume there is a lot of opportunities for water flood or poli to go down the well and get production back up. I believe they have multiple drill locations as well to drill new wells. Interesting little play at least I think at $60+ wti.
Theconsortman wrote: Petrosands went bankrupt with some of the same tired old assets.
As of January 2021 Westcan was making 59 bopd. If they are clearing $50k per month that will clear out their current payables in a year and a half. Tired old assets...