Carcetti Capital Corp V.CART.H

RE:Share Price speaks volumes

[Bobwins]

Agree with your long run assessment.  There are some near term possible negatives:

I think there is something wrong with M23.  Drilled 6? months ago and no production announcement.  Another well to be drilled in Q1.  Let's hope it's on target and successful.  

We aren't going to repeat Q3 P&L in Q4.  There was the one time 1.5 million Euro fee for selling 50% of the Western U field and so Q4 will drop back to a few hundred K profit, at best.  Most know this but some will still be surprised that we don't earn $2million plus again.  

RK field won't be back online till Q1.

But after partner does seismic over U field,  we should hear about drilling in late 2017.  They should be knowledgeable and ready to move relatively quickly to production.  

Kub has a lot of acreage to drill.  Most will be done by partners but I expect Cub to significantly increase production over time.  A further drop in royalty would just be more frosting on the cake.