United Energy Corp (UNRG)

[Tengri]

Potential strategy of UNRG...

Sam Smith has made down market acquisitions
https://angel.co/company/striper-energy

The oil price collapse (from mid 2014 to early 2016) drove mid-market and small producers into depression. The market was flooded with "an abundance of proven reserves, equipment and rights at pennies on the dollar".

Sam Smith has acquired these discount assets with "a current inventory of better than 100 wells", and the ability to "produce Oklahoma Sweet Crude for roughly $18 p/barrel".

Market price for OK Sweet Crude is $50 p/barrel
https://www.oilmonster.com/crude-oil-prices/oklahoma-sweet-price/96/25

Market price ($50) / Cost of production ($18) = 60%+ Gross Margin