Post by AllAllongon Mar 31, 2026 12:44pm
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Post# 36951962
Oil at $175 a fantasy ? Nope
Oil at $175 a fantasy ? Nope
Oil is at $120 a barrel right now, and Crierium says they were getting another $3 premium on top of that.
So Oil at $175 and Criterium producing approximately 800 barrels of OIl a day with a $100/barrel netback means a $3 million monthly profit.
The stock is valued at $19 million now ?
Those numbers do not include a soon to be completed Gas pipeline completion which will add 700 to 1000 BOE more production coming on in likely July which will add another $1 million in monthly positive cash flow.
You do the math.
it's a fantasy right ?