Post by
elgaveeno on Aug 18, 2014 6:14pm
Well license
So the company has finally got it's first well license out. It's funny, if not consistent that they made a spelling error (It is Wood Mountain- 3 miles away, not Woods Mountain). It is an expensive vertical exploratory well that will not produce (why? Because it's a vertical in the middle of nowhere). What you should be concerned about is that there are no other QXP licenses (no inventory) anywhere. All thier cash should be used to maintain the declining production base, not going towards a zero return prospect. The company has removed it's corporate presentation from thier website, have they decided to move in a new direction? FWIW, it takes several months from license to drill, test, complete, equip, tie in, and recieve first revenues. There is no way they can do that by Q4 without seeing locations now. Red flag.
Comment by
Jonnybgood123 on Aug 19, 2014 7:42am
Well...speaking of spelling mistakes....the word is " their" not "thier"... You're welcome...about as helpful as your posts are, EH ?
Comment by
rknigh2 on Aug 19, 2014 10:32am
Keep that share price moving down. Little hump of buyers at 54 cents - wonder how far we will move down before the Q2 results. Already trading below 2x expected cash flow.
Comment by
Brunswick200 on Aug 19, 2014 3:57pm
It's interesting how much time "Idrank theVino" has to dedicate to this stock he claims he has no interest in.