NWX recieves $1.6 royalty paymentnice.... now with over $8 mill on the books... that is with 100 mill shares out... 8 cents a share in cash! trading at 30 cents a share... ex-cash 22 cents.. soon to be 20 cents... and for 20 cents a share NWX is getting about $6 mill+ a year or trading at a mere 3 times net income... not cash flow... not ebitda... 3 times net income... 3 times after tax income! this is astoudingly cheap... and.... you know what? thru new horizontal drilling (no fracing needed) they are bring on wells that are flowing over 1000 bopd... and it is just a new tool for them to exploit the many fields and reservoirs they have under production... this is still growth and Beach is still upbeat on Bauer Field despite having produced over 20 million barrels in the last several years... there is lots to like.. these are outstanding oil producing reservoirs... simply outsatnding.. they flow so good... and get Brent pricing.... AND..... they might still be able to water flood Bauer to extend the life and produce another several million barrels of oil from the Bauer Field alone... this field looks to be a fantastic candidate to flood... high porosity and high permability...
This is a winner stock..
Also no further mention of Beach and their approach to buy out the GOR... to me that smacks of talking going on and the inability to release any info on talks of buyout.