Demand Brands Inc. (DMAN)

[dragon52]

Adrian Garcia, the Company’s Chief Geologist, added,

“The Klein Ranch lease sits atop the Mississippian Reef formation, which has proven very productive in the region over the years. In estimating the potential reserves, we looked at USGS surveys for the reef thickness in the area, seismic data and production logs from neighboring leases, and then performed our own seismic survey. Based on all of this information, we determined that our lease sits on a reef structure slightly more than 200 feet thick with a structural closure of 17 acres. However, based on the tilt of the reef field, we expect a total drainage of 47 acres. Translating this into practical terms, we believe there 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.”

https://backend.otcmarkets.com/otcapi/company/dns/news/document/38946/content

Also a read: https://backend.otcmarkets.com/otcapi/company/dns/news/document/39756/content

Based on Oil $60 BBL... this is a great start for 2020 and more lease contracts will be procured.