Post by
CLOUDER on Jun 23, 2022 3:28pm
WONDERING
WHY didn`t they use the chit load of money that they are making a day now to finance the drilling? WHY did they have to raise $30 million U.S. IS there another reason? i guess 90 ish cent`s isn`t to bad if they are cooking some thing up. man nat gas is getting clocked to today.
Comment by
driller1a on Jun 23, 2022 3:33pm
Oh yeah. The made up story today is that "the markets" are fearing recession which will lower the demand for oil and gas. Tomorrow it will be something else. It all a big crock of cr@p.
Comment by
CLOUDER on Jun 23, 2022 3:37pm
yup, but i still like SOU, right commodity, right time, yah driller the world is just full of lies right now, but these bankers are putting a lot of money to work here, as we all know you have to FOLLOW THE MONEY, lol.
Comment by
nozzpack on Jun 23, 2022 4:33pm
That is a significant discount. However, $10 million for 3 wells got us at least 2500 boepd . So, $30 million should get us another 7500 boepd. This gets us over the 10,000+ boepd by exit 2022. So, the perspective ahead is quite good..
Comment by
DocPat on Jun 23, 2022 5:52pm
Agreed. Any guesstimates as to where she goes if they get to 10,000 boe/d, presumably no debt and the additional shares outstanding? Doc.
Comment by
RogueWolf on Jun 23, 2022 9:54pm
Agree with this perspective Nozzpack - they can drill more wells in the same time period. It will be great to see some concrete results of the 3 wells as a yardstick for the next rounds of drilling.