AI
Monday, September 18, 2017 8:32:06 AM
Projection: 60 wells total by end of 2021
01 pointed out that HUSA, according to their September 10th presentation, targets 60 (or more) wells until (end of) 2021.
They emphasized additional 56+ well from 2018-2021 on page 16, while having 2 producing wells end of September and start drilling 2 more wells end of 2017 - a total of 60+ wells.
Assuming only $48 per BOE and 1000 BOE per day (HUSA's plan uses $50/BOE and production is higher), the plan could look as follows
Knowing company has about $2.61M cash, the company could indeed self-fund this explosive growth, see fundamentals below.
The chart looks promising and exposes higher lows over the whole last year. The upcoming two catalysts might be essential to strengthen trust in the company:
- Actual start of production end of September
- Listing compliance (equity) notice issued by NYSE MKT (AMEX)
Both events should happen any day now, especially since company announced the production start 9/14 and SEC filed an equity compliant pro-forma on 9/11.
EDIT: NYSE MKT notified company on 3/21 that they need to be compliant by 9/18, hence a decision based on the equity compliant pro-forma data is expected any day now. CEO desired to achieve compliance this week, if not today.
Looks like a very interesting oil growth stock with almost no debt.
01 pointed out that HUSA, according to their September 10th presentation, targets 60 (or more) wells until (end of) 2021.
They emphasized additional 56+ well from 2018-2021 on page 16, while having 2 producing wells end of September and start drilling 2 more wells end of 2017 - a total of 60+ wells.
Assuming only $48 per BOE and 1000 BOE per day (HUSA's plan uses $50/BOE and production is higher), the plan could look as follows
Knowing company has about $2.61M cash, the company could indeed self-fund this explosive growth, see fundamentals below.
The chart looks promising and exposes higher lows over the whole last year. The upcoming two catalysts might be essential to strengthen trust in the company:
- Actual start of production end of September
- Listing compliance (equity) notice issued by NYSE MKT (AMEX)
Both events should happen any day now, especially since company announced the production start 9/14 and SEC filed an equity compliant pro-forma on 9/11.
EDIT: NYSE MKT notified company on 3/21 that they need to be compliant by 9/18, hence a decision based on the equity compliant pro-forma data is expected any day now. CEO desired to achieve compliance this week, if not today.
Looks like a very interesting oil growth stock with almost no debt.
