Post by
TheLandedEagles on Sep 19, 2023 10:43am
Investors BEWARE!!!...Dont listen to PAID PUMPERS!!!
SASB block, no longer SELF-FUNDED...Go listen to last Kerry Lutz interview with CEO...He does clearly give an UP-DATED account of the current state of the drilling and current production and current revenues coming in monthly....Hi-light, right click and enter to that HTTPS connection.
https://youtu.be/g7y4Nj9oO8s?si=JjQBdMH6gVinatwe
1. 3 wells currently producing from the 6 wells drilled.
2. Revenues way down monthly to $2mm or so gross from that expected and forecasted $6mm+
3. No Longer SELF-FUNDED at these levels, while you back out G&A and very heavy CEO and management salaries and bonues..Not much left...
4. No material news to expect in drilling as drilling will not occur until next JUNE 2024..or later.
5. They will need $4mm(US) by end of this year to complete that 2or3D Seismic in Turkeys on- shore oil earn in field.
6. Botas Gas Pricing to TCF had dropped in last year from $30 down to current, last stated by CEO at around $12.65.
7. Mass Insider Trading selling last 90 days or so.
8. Recently completed a shocking 5:1 REVERSE SPLIT announced to public with only 1 business day NOTICE to shareholders, while insiders were selling massive shares.
8. CEO has with this Consolidation...preparing for another HUGE round of much need financing and hoping to attract CAPITAL, while showing a much higher share price to markets.
9. SASB field off-shore block suspended until some time next year for further drilling to commence.
Dont be fooled by these moves by the CEO...and the PUMPERS appearing here today and most recently with massive daily postings on this board, promoting this so called new CAMPAGNE to attract new investors to their failed story of SELF-FUNDING and HUGE potential upside with their Turkey on shore oil field to start mid JUNE 2024.
Again, go see for yourself last Interview...will surprise you and is fact based coming from the CEO directly...NOT ME SAYING THIS...CEO says it...
You form your own opinion and come to your own conclusion, whether to buy or sell.
Good Luck to all...
Comment by
fredo1 on Sep 19, 2023 4:38pm
There will be 20% dilution from the next cap raise. The projects are good enuf to justify new capital IMHO. Would help if engineers could get first three wells back on line.
Comment by
TheLandedEagles on Sep 19, 2023 11:45pm
EWARE ...LINGCOD POSTER ON major campaign to recruit new investors by posting dozens of times. Only a paid pumper does do this..his paid by posts....get a new Job!!!
Comment by
Fishercat1 on Sep 20, 2023 9:43am
Beware . LE been bashing this stock for months after he posted he sold . EOM .
Comment by
argaiv on Sep 20, 2023 2:06pm
Did he lose a lot of money on the stock?
Comment by
Lingcod on Sep 20, 2023 9:38pm
Then tell us, since you have bashed this company and ceo Art for the last year. Do you own ? Do you not own ? Why are you posting then. You have admittted you are a day trader, not an investors, so that leaves the question of why you constantly bash this stock. Will wait for your answers, but not expecting it, as you are a day trader.
Comment by
Lingcod on Sep 20, 2023 9:40pm
Please show us the paid pumpers, their names, their handles etc. Cant do it ? Of course not, just another person trying to manipulate public opinion and the stock for own self benefit. Show us the proof, cant ? Wont ? Of course you wont.
Comment by
Lingcod on Sep 20, 2023 9:46pm
Of course he was and is. He wont even comment on if he owns or not, why ? Because he day trades and tries to influence public opinions with his non factual posts. Never any proof, just false allegations. Self interest in this stock, period.