WOW....What a Shameless Statement..CEO thinks we are Dumb!!! HOW PATHETIC...Spinning the narrative again and again...he thinks we are the bumbest retailer investors around...Maybe he's right...he's banking on those NEW investors to the story...as is the case most often with these small cap companys and their CEO Promo's and it truely reveal their true intention to disceive and misrepresent things along the way to achieve their ultimate management goal.. Keep shareholder spirits alive and encourage holding and buying more.....CEO, is a disgrace in my opinion...he cannot be trusted,..he has failed everyone for the last year or so...Just look at the share price and the failures of this company...Do Not reward him further with your support..this is now a play on your intelligence,...In My opinion!!!!!....Resist his statements and send your emails to him with your opinions,,Good or Bad!!!
Previously, the SASB AL program consisted of PCP pumps, ESP pumps and velocity strings. However, with new skilled personnel hired that has changed to predominantly velocity strings for step one and years down the road a water pump installed to prevent future water loading. A velocity string is just a smaller diameter production tubing, as currently the new wells have 4 one-half" production tubing and the company will just thread 2 3/8" production tubing inside of the 4 one-half" tubing.
Al Thorsen states: "From my experience, velocity strings are the best solution at this stage of the gas producing wells as velocity strings are cheap to install, relatively simple to operate, have no moving parts and are well suited to high gas producing wells. These wells have large volumes of gas yet to produce and the velocity string is the first step, in the future 5 to 6 years from now when the wells have most of the gas produced, at that time PCP pumps or ESP will be installed to extend the gas producing life of the wells".
Installing velocity strings requires substantially less capital compared to installing PCPs and is much faster.