RE:No newsTheir virtual investor conference video was not positive. They are drilling their 7 th well, will only complete 3. Leave 4 untouched. And probably stop drilling. Started drilling in november, still not done.
No mention of the first 3 wells produciton. or costs for these wells. It's been the same presentatin for years now.
Still talking about a continuous drilling program,. with wells that have 2-3 year payouts.
MEntioned they bought their assets of a private company. That was Gulfpine, which was the same management team. Looks like they raised over 100 million and sold for 20 million.
no idea of future plans. update is coming april 15