$EORIF-Enhanced oil resources. $6.8 million in cash, no debt, record revenue, positive EBITDA of $784,000.
Pending news on financing and drilling program
Insider Peavy bought 2.8 million shares over the first 10 months since he was hired from Kinder Morgan. He stopped buying in mid October pending news. EORIF has a contract in place with Kinder Morgan for CO2. EORIF plans to CO2 flood 20,000 acres in the Permian Basin, beginning 2015.
Current production is 400-500 bopd. Under flood, Milnesand will produce 2500-3000, Chaveroo will produce another 7500.
Current reserves valued at $54 million, under CO2 Flood PV-10 anticipated to be $260 million.
PEAVY, MARK ALAN
Insider's Relationship to Issuer: 5 - Senior Officer of Issuer
Ceased to be Insider: Not applicable
Security designation: Common Shares (Common Shares)
2225967 2013-01-23 2013-02-19 Direct Ownership :
00 - Opening Balance-Initial SEDI Report Common Shares
2318627 2013-08-02 2013-08-02 Direct Ownership :
10 - Acquisition or disposition in the public market +85,000 0.0600 2,370,000 Common Shares +85,000 2,370,000
2323111 2013-08-12 2013-08-13 Direct Ownership :
10 - Acquisition or disposition in the public market +15,000 0.0656 2,385,000 Common Shares +15,000 2,385,000
2326300 2013-08-19 2013-08-20 Direct Ownership :
10 - Acquisition or disposition in the public market +10,000 0.0654 2,395,000 Common Shares +10,000 2,395,000
2334714 2013-09-05 2013-09-09 Direct Ownership :
10 - Acquisition or disposition in the public market +200,000 0.0750 USD 2,595,000 Common Shares +200,000 2,595,000
2341580 2013-09-20 2013-09-24 Direct Ownership :
10 - Acquisition or disposition in the public market +200,000 0.0680 USD 2,795,000 Common Shares +200,000 2,795,000
2353783 2013-10-18 2013-10-22 Direct Ownership :
10 - Acquisition or disposition in the public market +16,000 0.0705 2,811,000 0.0705 Common Shares +16,000 2,811,000
