GREY:VFGGF - Post by User
Comment by
ofirmeon Mar 12, 2014 5:40am
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Post# 22311744
RE:RE:RE:RE:RE:RE:RE:What's up?
RE:RE:RE:RE:RE:RE:RE:What's up?I agree with what you said. I said it will take a long time (if ever).
they need to show the ability to generate substantial cash beyond needs. waterflooding needs
to be shown and proven over a couple of years before substantial drilling will take place.
overhead and operational expenses need to to minimized during that time. a lot of money was
put into infrastructure, so that oil would not be trucked and water would be piped.
now that everything is in place for 8 projects, it is time to start seeing results before royalties
start kicking in.
thank you for your comments.