Post by
billythekidd on Jul 20, 2022 10:50pm
Insider buying
Insider David Halpin picking up 15000 shares at a .30 cent average. Noit a huge endorsement but probably trying to help this one not drop much lower than .30 cents. I think a non insider had a wack of Asian Minerals around .10 cents and has sold this all the way down with a huge return starting at a buck and still a three bagger into the Thirties. Thats the only thing that makes sense with all the selling house 1 has done over the last 16 months. i also find it very strange that Decklar can not even state that they have 1 well flowing in any of three fields that they have interest in. The only funds coming in was from San Leon energy who in 2016 bought out all Mart Resource shareholders for .25 cents. This despite Mart having the ability to produce 20000 bopd with Partner Midwestern in the Umesadge field and Mart also having a percentage ownership of OML 18 and the Umugini pipeline. Mart resources did have a big debt load but Midwestern choked off production so Mart did not have the cash flow to pay it down . Maybe we see the same thing with San Leon wanting Decklars three fields and we get low balled for .10 cents as we have no current cash flow that the Company is reporting. San Leon energy just swallowed up another big chunk of OML 18 as midwestern owed them millions and they struck a percentage deal on the field and forecasting 40000 bopd by years end.
Comment by
cashworx on Jul 21, 2022 12:57am
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Comment by
billythekidd on Jul 21, 2022 5:26pm
House 1 at it again today being basically the only seller at this price being a minus 116,000 shares