Demand Brands Inc. (DMAN)

[dragon52]

Translating this into practical terms, we believethere are primary reserves of 436,000 barrels of oil and 1,258,000 MCF of natural gas. Secondary reserves would addan additional 280,000 barrels of oil.

Once we drill, we can then prove the reserves, which will allow us to book the proven value as an asset.”Mr. Fischer continued, “Based on these numbers, we believe that pursuing a drilling program on the Klein Ranch is a top priority for 2020. While this prospect admittedly is not going to generate billions in revenues, it should provide in excess of ten-times return on our drilling and completion investment over a four-year period. With that in mind, we are looking to drill and commence production on the Klein Ranchin the first half of 2020.”

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