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clynel

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clynel

Re: johnnycomelately9 post# 11739

Monday, 02/09/2015 7:35:18 AM

Monday, February 09, 2015 7:35:18 AM

Post# of 52999
Oil leases worth nothing

While I don't even believe they possess them (the Texas Railroad Commission concurs), probables are worth nothing. Even PUDs are worth nothing in this environment, and they would have to raise $5million for a drilling program to wildcat. With a $44,000 market cap? Forget it, nobody is going to fund that.
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