Post by
fredo1 on Oct 28, 2023 10:55am
New Mexico Property
Looks barely commercial. Maybe $10k/day of revenue. Not enough to support current stock price IMO.
Comment by
littledave55555 on Oct 30, 2023 5:56am
Ya your right !!! The 0 k a day they make right now is so much better , lol.. seems to me making something is better then making nothing..
Comment by
fredo1 on Oct 30, 2023 9:03pm
Would you pay $30 million for $1.5 million of cash flow? Be my guest.
Comment by
rmreism on Oct 30, 2023 10:58pm
Actual cost of NM not the usual BS from Fredo the brainless one. The third-party acquisition cost is $500,000.00 US for the gathering system and $2,000,000.00 US cash for the wells.
Comment by
fredo1 on Nov 04, 2023 3:01pm
I was referring to the market cap of the stock, not the acquisition cost of the NM property. So, I ask again, would you pay 30 million for $1.5 million of cash flow? Of course as the stock continues to decline, you won't have to.
Comment by
Fredo51545 on Nov 06, 2023 12:06pm
If they reach their near term goal of 1.5 mmf/d of gas production at $2.75/mcf and .5% He at $.60/cf. That's about $6000/day of revenue. Make your own operating expense estimate.
Comment by
rmreism on Nov 06, 2023 3:34pm
A guy on the CEO board has them at 1 million dollars more per year of revenue then you at the same gas flow number. They also have the trucking revenue and perhaps the solar revenue. It's safe to say we won't know til we know what there total revenue will be particularly since they estimate another 100 wells that can be worked over.
Comment by
littledave55555 on Nov 06, 2023 3:40pm
I'm see lot of investors estimating , but so we will have a better idea.. when they come out with number's.. an I hope it's soon lol an I'm hoping it's good ... good luck to all
Comment by
Fredo51545 on Nov 07, 2023 7:47pm
Yeah, I ignored the trucking revenue.
Comment by
BearBull007 on Oct 30, 2023 9:55pm
Apparently revenue will not only be from natural gas, helium is expected in the near future as well.