You could be right. IMO, he very well could be leaning toward exiting, at some point. He’s announced over the decade several ventures, from KY to MICH- that imo, didn’t really pan out financially for common shareholders. It’s just biz, it’s what occurs, sometimes there are victories and other times, not.
The AS did remain fairly constant and so did the low PPS.
It could spike, we’ll see. But, as always with daybreak, the proof remains to be seen here.
The alleged increase in potential future barrels that’s ok, but what remains to be seen, is how if that allegedly does occur, what are the financial benefits to common shareholders who acquired the common stock?
The success of both of the corporate owner of daybreak, and it’s common shareholders, both need to profit imo. Raising any potential BOE and potential drilling programs, should imo correlate into a higher PPS for commons. Because if not, then why hold it? Why buy it?
Question is, if he does actually execute with Reabold, how does that benefit common shareholders? If their going to drill more wells in both Sac. and further south in the KERN FIELD, how many wells and how much more production BOE down the road like in 23’ and beyond? 100 barrels combined allegedly, but what about after?
Are they going to drill how many wells in Sac and Kern exactly?
I may have read, that Reabolds cost of production is allegedly about $14 per BOE and I read somewhere, that they might own 50% of that sac deal. I’m not sure, so don’t quote me on any of that. Not saying either of those are remotely accurate, or led to believe or misconstrued. I have no personal knowledge.
However- by increase in AS, plus raising of capital, how much of that raised will go toward exploring punching holes in kern in daybreaks asset vs in Reabolds Sac? What’s the proportion and potential of BOE of each play here and more importantly, how does that benefit any common shareholders? Creating equity and BOE for owners, is there biz, but how does that potentially translate into any potential increase in owners of common stock? The way I see it, is great for them if they do it, but I’m more focused, on what’s in it for a common shareholder perspective?
