OTCPK:OEXFF - Post by User
Post by
Buckbidon Jan 22, 2018 6:43pm
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Post# 27411647
Today's news - thoughts to ponder
Today's news - thoughts to ponder -for those waiting for results from the recent wells, this mornings news was certainly a surprise.
-the first instance that Im aware of an oil and gas company investing cheap energy (aeco gas) to mine crypto currency.
-what details do we have?... Not much...what would I like to know? How much does mgmt intend to invest (base case). What is the return on investment (base case) of the initial capital invested?
-how should we (shareholders) view this venture? Limited spend (sub few million) isn't detrimental to the main business of drilling wells in Elmworth and proving out our land base.
-eyeballs on this news outside of the oil and gas space would be something that mgmt should put emphasis on. There are plenty of examples in the last month or 2 of companies "getting into blockchain, mining" (see Long Island Ice Tea, renamed long blockchain, Riot blockchain, hive blockchain, that have see market cap rises in the 100s and 1000's of percent.
-as a shareholder, wouldn't mind a little US exposure of this news to get the hot money, buy anything related to crypto, block chain etc. Josh... Are you listening?
-oh, and in about a month... Should have news related to the main task at hand which is likely the catalyst to getting some respect and attention from those who have said to new mgmt "show me", in the post RMP chapter.