Lucero Energy Corp Com V.PSH

RE:RE:Q1?

[Bennys65]

I was hoping to get some new info in the quarter that would cause eyeballs to look at the stock.Didnt see that .Instead saw the company lay out a plan and deliever.Brett had said for 2022 he wanted to pay down debt,reduce the decline rate,and position the company for the future.So in the first quarter we spent 11million on completing .5 wells and building needed infrastructure.Most of that went to infrstructure as the.5 well was a duc drilled in 2021.Check to getting us ready for the future With no drilling in the first quarter the rest of our funds went to paying down debt.Check to that.The only way to reduce the decline rate in shale wells is to slow down the treadmill.The faster you grow the more you have to spend to keep up.The reverse is also true.So we did no drilling in fiest quarter.Result we are moving to a 25 % decline by year end down from 30 plus.Check.Usually when a company does a share consolidation it is because they are in trouble.This is not our story,Torc started its move up when they did their consolidation.Lets see what happens when they make the announcement.