Whoops
Cont.
Vehicles can traverse the terrain. In their summer it is wet and boggy.
It’s possible the postponed other well means they have a drilling spot still available.
If that is the case I would see the prompt drilling of another well as a major price trigger. WBE should still have ample money, PLX may not have. Maybe Wbe takes on a higher percentage for the rest of the field.
I’m not really thinking in terms of price triggers, I see successful implementation of the oil field will change the valuation of the companies involved and naturally lead to buying pressure on the share price.
It has somewhat already started with over 40 million shares wanted at .4 cents and not much for sale at .5 cents.
This months quarterly will be interesting to see if income had improved as forecast, obviously no profit as we also find out how much Rex has cost to drill, frac and test.
Interesting times if good progress continues to be made.
WBE a company in the making.
Saltbus
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