Pure speculation on my part. After all, when dealing with a...

Pure speculation on my part. After all, when dealing with a pennystock, isn't that all that's left?

A tell for me is how long they're taking to get that third rig going. HE8 is sitting on a mountain of cash (relative) and no debt. West Texas is filled with riggs and rig resources. From the moment they deploy that rig on-site to first stages of producing is 25 days average (Google). Almost every fracker with much, much, higher valuations are perpetually in debt and are in cash raising scenarios one way or the other. That much is a given...once again, just doin' the math. Hitting production markers on time is key for any type of business and instills confidence with the management.

Evidence you say?... I have none, I say.

Unless you do some physical DD and actually take a look personally at they're operations, us armchair, keyboard hacking investors only have press releases, company financials, and anecdotal online evidence to go off of. Oh ...and share price. The beauty of it all!

Like I said, that link provided by kegsy was an interesting one and I kinda ran with it.

Anyways, I do have delusions of grandeur! I would love to see this thing pull a BTSC type of verticle takeoff... but my experience says be happy with 500%.

For now.

cheers