RE:RE:RE:How many wells will they be able to drill each month?Interesting interview with Bob Moriarty who wrote an article on Molori in July.
I've cut and pastetd below the relevant piece :-
https://www.provenandprobable.com/bob-moriarty-bitcoin-zero/
Maurice Jackson:
That is priceless information. Bob, I recently, just to slightly digress here, I had a conversation with a gentleman who owned GLD and he actually was under the impression that he could redeem and get gold for it whenever he wanted to, and those are some of the sophisms that are out there today, so thank you for addressing that.
Now before we close today, can you provide us with three issuers that have your attention at the moment?
Bob Moriarty:
Okay, hang on. Let me bring it up. One that I’ll mention, and it’s something that I’ve written about in the past and people can go and look at it and see what I’ve said, is a oil company called Molori. The symbol is Mike, Oscar, Lima (MOL). They’ve got about 32 million in shares outstanding. They are drilling in north Texas for a well that could be 50-100 barrels a day, and each barrel a day is worth about $50-60,000. They’re in a JV, they’ve got about 25% of the JV. The well is being drilled right now, it will be completed and the results released by the end of the month. It costs them about $300,000 per well, but at 100 barrels a day, that means they had 25 barrels and you multiply 25 times 60,000 and you come up with $1.5 million dollars in value that could be added per well. And they’ve got space for 600 wells. It’s one of the most interesting energy companies I’m aware of. I’ve got a big position in the company. They’re actually two months late on drilling. They’re working on picking up additional land and it’s certainly cheap now, and it could be expensive very soon.