Please Explain?, page-2

What are you talking about Cmon

Every well they drill is and will be successful

Every well flows or will flow at an IP of 90 130 or 360 ( lol )

Every well produces or will for 340 days per year

And ofcourse profitable at 30 dollars WTI (even though lifting costs are $5 )

Infact these wells are so good after a few years of operation you would have a serious cashflow positive business . Don't believe me , read the presentation. Still don't believe me , look at the photos , drilling and pumping. Management personally pumping ( lol )



Now only a downramper interested in buying shares cheaper ( only reason you would talk negatively about such a gem ) would look at how they have 70 m blown without ever being positive cash flow , the fact they have bought 26 producung wells that have such a steep decline curve that they produce an average of 2 barrels a day , the fact these producers ( with equipment ) where sold for 2 m USD only , the fact last 14 months they burnt through 6m dollars for a net production result about 40 barrels a day from one well and zero barrels from the other two wells that were chosen with super dooper seismic



So stop looking at the facts and focus on those presentations . They even have proof of pumping. That part I believe, they have been pumping holders for a while now