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Management running the same game.. update dilute update dilute update dilute for months now.
This is why I hate the company, news was solid, 0 reason to see a sell off like this. Dumb
The BS sell offs on good news in the OTC are a plague. Getting tired of it
Reserve reports, Bitcoin mining updates, drilling updates all to come. Here’s your sub penny sleeper that’s more advanced than most all other oil companies
Hey if y’all want to pump it to .20 I’ll take those gains.
lol ok
Maybe EEENF jr.. need to consider Share structure when comparing to someone
Solid update this morning, I’m now very intrigued especially if they stop dilution
I’m evaluating it, that’s about it right now
Solid accumulation
I watch crews work all day lol so yes I hang out on all the oil n gas pump n dumps.
I research every oil n gas play on the otc… part of my job.. I also said I’m interested in how they develop Wyoming property.
You all get mad when I discuss them raising capital through a registration statement. Every emerging growth company has to raise capital… it’s no secret. They are on the OTC for a reason
11 years oil n gas working for mid-majors.
Run a consulting company as well.
Oil and Weed.. exactly why I won’t be investing lol
Pick something and be GREAT at it.. not marginal at 2 things
And nobody sees this as a concern?
A penny stock at .01 is going to uncover secrets the Majors couldn’t in the 70s/80s? Drilling in the Bahamas is asking for a environmental PR disaster. It’s absolutely high risk.
Let’s see how they do raising $20m first
Didn’t know nfl QBs and oil had any correlation
Raising $20m will come at a discount to whatever the trading price is. Again i want to see what they intend to do with the pps for the capital raise.
Again you can think what you want, I’ve also played these and understand what’s actually going on when it comes to the operational side. You guys see Oil and just slap numbers together but fail to realize what the price to pull something out of the ground is.
Thank you
• ~3,038 net acres (~87% HBP)
• 60% of Acreage includes all Depths • 13-17 Active Wells
• Shut-In Wells
• CGrowth Oper
60% of depth means that 40% of their holdings has depth restrictions which limits their reserve potential on about 1200 acres.
This data is also nearly 7 years old which is an eternity in oilfield time. The wells have likely hit their decline and leveled out on production. I will look for the APIs and see if these wells are still operational and what they are producing
3k acres isn’t a lot of ground but it’s in a well proven area. Depending on well spacing and initial drilling & production they can likely make a good return. Ultimately it depends on how much working interest they have to give away to drill because this company is not vertically integrated and will need to sub contract a vast majority of the work out 3rd party.
Actually yea I do because I hate BS pumping of half truths and outright lies on my industry
You’re right it is. Glad someone did their DD.
I’m interested in Wyoming development
Bahamian oil is FLUFF & expensive
Yea you’re right I totally have no idea how to DD oil n gas companies lol
I have 0 desire to enter a scammy company chasing Bahamian oil.
If they can develop their 3k acres in Wyoming then great.
And there is 0 guarantee that your pps will be higher. You will be seeing 500m-1B shares sold to raise that capital
Exactly, insanity
In other words.. AS Raise and share selling
The Company recently announced the processing of a Tier 1 Regulation A (“Reg A”) to raise up to $20,000,000. The Reg A of Title IV of the JOBS Act is a type of offering which allows companies to raise funding from the public. Like an IPO, Reg A allows companies to offer shares to the general public and not just accredited investors.
What are they selling shares at to raise $20m in a registration statement? Going to have to raise the AS if they want to raise that much.
How is this scam still going
It’s a no brainer multi year hold and watch them go BOOM
Multiple stocks hit identically same time
That was insanity
I love this
lol
Agree with this
I’m here for the pump. Entered yesterday
Unsure, PR says they expect around 4 weeks
Just opportunities to load our own boats.
The only thing that needs to happen is .01 for 30 calendar days. Company checks all other boxes already
Agreed
It truly will
Application for QB has been submitted
https://www.prnewswire.com/news-releases/north-american-trading-in-axp-shares-301420609.html
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