InvestorsHub Logo

OPT

Followers 18
Posts 1107
Boards Moderated 0
Alias Born 07/27/2011

OPT

Re: None

Wednesday, 08/20/2014 3:52:04 PM

Wednesday, August 20, 2014 3:52:04 PM

Post# of 18902
Numerous scenarios can arise from the 5 million

• Purchase land based assets and Drill new wells!
• Buy property with existing wells for cash flow, and drill more on the same land, or stimulate the existing wells for increased production (I.E acid or frack jobs)
• Partner up with a bigger player for a percentage on a new drilling program (this scenario bodes well and eliminates a lot of risk). Typically how all Starter oil companies come to fruition.

which ever case above, I hope they do the right deal for shareholder value. Given the float is still low, only a couple of hundred BOE/Day can push this over 1 dollar in a blink.

GLTA