InvestorsHub Logo
Followers 81
Posts 14425
Boards Moderated 0
Alias Born 08/22/2006

Re: slow okie post# 18117

Saturday, 03/29/2014 6:57:25 PM

Saturday, March 29, 2014 6:57:25 PM

Post# of 31724
I am sure that is the plan. Not sure how much of the cash flow is available for new wells vs debt and other costs.

The company has struggled to get and keep those 2/3 wells operational over the past year.

Not real clear what the issues are exactly but it's seems to me they are struggling to access the capital necessary to grown faster.

We'll see if the upcoming financials revel anything but I think it going to be a while until we see any share appreciation, don't really see a catalyst for change but the leases are decent and they now have some cash flow from the existing wells so perhaps some new wells can be turned on.

Transparency is lacking here.

">" />