RE:Dead Money for 12+ Months?EVJUSH1 - Please reread this part of the news release. I believe the highlighted part is the part you may have missed.
It is hoped that 2018 activities in EX-7 will include the acquisition of infill 2D seismic over the Teremia 1000 discovery, an appraisal well and the drilling of another exploration well on a separate feature.
In both EX-2 and EX-3, permitting is underway for a total of around 400km2 of 3D seismic surveying.
In Ex-8, another exploration well is planned which is hoped to be spudded in late 2018. As the Teremia structure extends into block EX-8 future plans involve another appraisal well to be spudded although timing is currently uncertain.
A few other things to keep in mind.
1. we are still waiting on results from the waterflood program in New Zealand which wont be a game changer but it will help with some cashflow.
2. It has taken 6-7 years of delays to get Romania going, and Its Finally Going! A lot of of investors have sold out w/ good reason but the long wait is over. EW was at $1.78 or so back when they signed the deal w/ NIS. The Romania project is finally in motion.
3. Oil prices are slowly moving up, Its anyones guess if it will continue to rise but if it does EW / Tag oil can turn the faucets back on in New Zealand. It would hurt NIS / EW assets either!
4. NIS has been taking bids to do some work in Romania which tells me there working on things in Romania. EW news release confirmed that.
5. NIS did hit 6 zones with there 1st well w/ EW. All w/ good results. Thats hardly somthing to scoff at. Theres oil and gas right across the border in Serbia which is being drilled by NIS who is EW partner.
6. Its better to be early than to be to late. It will not take a lot of money to substantially move EW stock price. If a large newsletter decides to backup EW this can easily double, triple quadruple in a very short period of time like it did when Porter stansburry promoted it. If we get a few large newsletters to take notice of EW this is going to skyrocket.
7. Mr Market may be sleeping on this one! I belive 2018 is going to be the year for EW to make its big move.
8. EW also owns a good amount of shares of Advantage lithium.
9. If EW magically stays at current prices I will make sure to load up over the course of 2018