This is an old post...FWIW
Sunday, March 18, 2012 11:03:39 AM
Post # of 10210
I am confident that once $33 million funding is closed... Company can drill out 3-4 new wells per month starting in late May/June. Acquiring a rig will allow for consistent and timely drilling of new wells. Getting 26 new wells drilled out by year end would put XNRG at around 1100-1300 barrels per day of production... The 2013 year end is May 31st...so at that point we would have a whole year of audited production on our books and at that point we could shift to the AMEX. Likely by that time we would have around 40 wells and over 1700 barrels per day production just from the Crockett lease. There will likely be more acquisitions of projects with significant current production and lucrative development potential. I feel that if executed properly over the next 14 months... XNRG will be around $2 per share with the current structure. That is based on 1700 barrels per day forcasted production. If XNRG acquires say an additional 1500 plus barrels per day... Then your looking at over $5 per share with the current structure. Anyways I think you guys as shareholders that have been in for a while or are starting to realize this is a very real and significant deal given that our financing is from a private lender with extremely attractive terms... understand that long term... this is a mid-tier oil producer. With the kind of financing XNRG has access to... Being public is great... but this deal is good enough to be simply a private company. I am not saying that is in any way a possibility. I am just stating that not too many pub cos at this level of market cap, etc get lending terms like we have for the Crockett project. Happy Sunday and sorry for the silence recently. BTW... I am NOT Jerry.