RE:RE:RE:RE:RE:RE:RE:RE:Somethings Gotta Give. yyc is right, they can sell their 25% interest in the operation, which is part of the raising massive amount of money (relative term to the size of the company right now at $8.5MM).
This move wil impact current shareholder alot in terms of potential gain that were laid out multiple times by YYC and reharshed by copper.
I am not sure how much their LOC is.. I do not anticipate it will be any amount more than $5MM .. it could be even less since the company does not own much at the current form. a reserve report could increase the LOC.
In order to generate cash flow, the company will need to invest into the oil wells first. It could cost nothing or it could cost alot more.. we don't know.
I'm still posting and looking at this company as i still see potential going forward if JOA is signed or it's up to some good.. The company didn't report anything so far.. been basically dead silent since October, 2019.. all other news are basically non-news as it didn't bring any value to investors.