Hey Badge.
To all, consider it confirmed. Badge said it exactly as I understood it. This is why I am a shareholder in VTYE: Pala Duro Basin.
Tom took the time to discuss how the basin was found, EDEX's part and the ongoing 20%, as well as VTYE and Jon Mellecamp's roll (to a much shorter degree). He did encourage us to talk to Jon and pointed him out in the back of the room.
This was a small part of the discussion of how Seismic confirms PIP finds and how Seismic will be used for the first 3 wells in the area. If proven 100%, they will drop the 60K per seismic and just use PIP.
Tom did not speak to how VTYE would fund the project, but IMO, part of the funding will come from the Mesa, of which VTYE has the 2.5% interest.
Badges numbers as posted are what I remember as well as his info about the responsibility of development for VTYE.
To me, it is not a short term play, but a long term play. As I said before, the way to make money in pinksheets is to find a viable company, a real company, with real prospects and real potential, and hold for the long term.
To me, Victory Energy is one such company.
I trust this proves helpful.
All of the opinions expressed here, inclusive of all my past, present or future post, are mine, and mine alone. The opinions expressed are not a buy or a sell recommendation. Do your own Due Diligence.
