RE:RE:RE:RE:RE:Reserve Report
SlyFox1 wrote: Even if we use painted pony as a proxy just from the standpoint of barrels per day (though the oil blocks are fairly different) our 25% would be valued around 70cents fully diluted. Scary how undervalued we are and how quickly this could move once things are in order. The 70cents wouldnt even consider our, 24% option that we have.
Really seems like we are at the ground level. Buyout, going to production, either case it seems like there is significant upside for investors if all the stars lineup. Management must belive based on the amount of shares they own, and their willingness to not take a salary from the company while they get htis up and running.
4000 barrels per day production and spending $100 million over next 4 years minimum is no small company. One press release can shoot this stock up to 30 cents. When this happens no one knows but the clock is ticking and don't want to be short when it happens