RE: RE: shlinker... relax.... Well the facts are:
- PTA net production could double from current 4500 bpd...maybe we hit 7500 only
- Production facility coming on-line, will handle upto 15k bpd, financed through cash on-hand
- Use trucks exclusively to ship the oil, if they want to go above 15k a day, we will require more infrastructure. Especially at LM and LC. Thats a potential huge cost. Over 200M+ Im sure, with partners? 100M+ to PTA?. Pipelines and the facilitiies required to process and ship over 15k bpd is a major expansion, and the possibility of a PP goes up, cash flow would not pay a major expansion, and a PP could be required. Hence a possible share consolidation. Why not do a PP at 4.00/share rather than 0.40 cents?
- Secured notes....40M+ required.
- The paid pumpers pump for reasons that could cost you money in the long-run.
- Drlling successes in new and proven fields
- Drilling failures in new and proven fields
- Reserves Report could create a more desirable company to take over. But why hasnt it happened yet? we're sitting at ~200M market cap, thats chump change for PRE, even PXT.
So I am relaxed, and have looked at the presentation CS, but the facts are there is still risk involved. Alot of risk. And most people on this board say the same things over and over like they feel the need to justify their investment to themselves and to the board. Thats fine, as most state facts, but lets bring some balance here.