DXI Capital Corp V.DXI.H

DO your DD could be 10 bagger set up

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• Continued DXI operatorship without dilution to its 99-per-cent working interest including central facilities and in place pipeline network ($12-million historical capital expenditure) integral to the Woodrush project.

Under the terms of the agreement, the investment firm will pay approximately two-thirds of the total cost of the first well of the 2018 program, through tie-in, to earn a 15-per-cent GORR. All subsequent well and secondary recovery costs will be shared 50/50 with DXI for the same return. There will be no equity dilution nor interest expense to DXI. Phase one of the program should approximate $5-million. The scope of the arrangement includes a 10-year sunset clause.

Company president and chief executive officer, Robert L. Hodgkinson, stated: "This significant funding and participation agreement establishes an institutional financial foundation for accelerated development of Woodrush as our specific integrated 3-D seismic interpretation is validated through the initial exploratory drilling operation. New 3-D seismic work has indicated that there are a multitude of Halfway anomalies to drill and develop immediately adjacent to our existing production and we look forward to integrating these opportunities within our Fort St. John production hub."

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This is old information.  What we need to know is when things start moving forward again. Drilling and positive results could be good returns.