Carcetti Capital Corp V.CART.H

RE:KUB trading slightly above cash, less than NAV

[Thedondom]

Even with the well costing $500k(KUB's cost), the company still has around $7 million USD in cash or 3 cents. Pretty pathetic the panic selling. Sucks that it was a dry well, but management could sell the company right now and get around 15 cents a share. Over 800boed and a flowing barrel in Ukraine goes for $20k USD because or higher nat gas pricing. Add in the NRU well on the RK field which we know is a 300boed well, the 2 JV west wells and all their leases. Makes you wonder why someone would dump when 2.5 cents is the price you give a stock that's basically near chapter 11. KUB isn't anywhere near that.