RE:RE:RE:VolumeThey will hit large on their next two horizontel wells Rob0012. This is a cash machine, with an MC of 10 million is sweeet !
AXl has 16 million warrents...... like i said ROB0012 youll be able to buy AXL back at 20-22 cent soon. then back up to 30 cents when they want to pump the stock again
All new production this year will add roughly 1500bpd production by end of this year for PEI
1500-2000bpd roughly with a MC of 10 million currently.........
Im not worried about the warrents........ As long as oil prices stay high PEI will be 40 cents plus by jan 1
Thats a huge win for me at 6 cents !
GB
Rob0012 wrote: I can appreciate that. However, how much good news will it take to take care of the 5 cent warrants? I see those as a huge lid on any kind of short term run up. Good luck to you though. I'll stay sideline for the next little while. Just adding more AXL meanwhile.
Cheers!
Rob