RE:RE:RE:RE:RE:RE:Internet Troll WD3940You keep bringing up the same old BS... "limited production" yes in 3 weeks that changes, "remediation costs for Bigoray EOR project" and now your bringing up some new garbage such as the "property costs". These are all very low numbers and now I will prove it to you and the board.
Lets start with the Bigoray and Queenstown reclamation costs. These are not secret and are included in the financial report. They have 21 years to settle the obligation AFTER all the oil and gas has been depleted. So if we go by the Sproule report for the EOR project "best estimate" of 6 million bbls and assume todays prices of $70cnd rev or $40 netbacks, that asset will product $420 million in revenue, and $240 million worth of cash flow. And your worried about a few million bucks for reclamation? Here are the numbers directly from the financial statement which also includes Queenstown....
Now your bringing up the property costs...oh they gotta pay $60k per month or whatever...Again I have the real numbers for you directly from the financial statements..
With $9 million cash currently in the bank, pending production within three weeks and very low reclamation and future property costs, there is nothing there to worry about at all. We are fully funded and debt free!!! And I've already explained to you but you seem to have the attention span of a two year old, the assets were bought from Crimson during the last oil downturn because Crimson went bankrupt and didn't have the money to fund the cost of the EOR. They didn't have the ability to raise $10 million at $26 bbl oil so sold out to Garth and Drew who invested $1.3 million of their own money into Pulse. It wasn't becasue the assets were garbage or would never produce, it was because oil prices tanked and they couldn't raise the capital.