NYSEAM:PLX - Post by User
Comment by
ohbehaveon Jun 19, 2019 9:02pm
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Post# 29842255
RE:RE:RE:Very illiquid
RE:RE:RE:Very illiquidAs Maxmoe stated .. all the info is on SEDAR and there's also a new corprate presentation on their website but yes the company is headquartered in AB and based on the new presentation current production is 900boepd consisting of 40% liquids of which >200bopd were just added from the new REX well so the impact of this discovery appears to be material. They advise there are 18 "follow up opportunities" in this pool and that they have lands tied up on two analog pools identified from vertical well logs which are untested with HZ drilling. Corporate upside seems to be there and the new well plus the two farmout wells planned for this year at zero cost should significantly improve the cash flow.
Share ownership is listed as follows:
Ownership
Management and Directors15.0%
Evenergy Company Limited*15.3%
Institutions – est.14.6%
Retail – est.55.1%
*Evenergy is a subsidiary of Zhongcheng Group, one of the largest privately owned petroleum, oil products and LPG distribution and retail companies in China