$MOLOF is cheap at these prices based on the math below! Only an Outstanding Share count of 21,548,632!
This play really ramps up when the math starts getting computed. MOLORI ENERGY INC COM NPV (OTCMKTS:MOLOF) They are planning at spacing the 7,000 Red Cave play out in five acre lots. If one assumes that just 400 wells will actually produce at 50 barrels per day, you still have a production of over 20,000 barrels per day. That’s quite a bit of cashflow by anyone’s standards.
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