Daybreak Oil and Gas Inc (DBRM)

[maverick one]

Correct. But, merge has to be completed - but after over a decade + and only 30 BOE daily in production - it is what it is. Reabold will become a major shareholder - for Jim to do that- IMO- by opening the door for that many shares of the company- Reabold obviously has something Jim wants. My opinion - a higher flowing lease, vs the low BOE grind it out like molasses kern patch he’s been working for 10+ years now.

But question is: whats the driving force behind Reabold giving up what looks like a much more productive lease versus Daybreaks? Something is amiss here, imo. After observing for many years- there have been PR’s issued that didn’t bump up PPS, the KY and MI news.

We’re only at 30 BOE, that’s IMO, not a heck of a lot of oil when you compare to other O & G companies. It’s minuscule, IMO. I suspect that CA lease is too hard and time consuming to only produce 30 BOE daily. So IMO, their looking to increase BOE, from a better lease that’s more productive. Because - why would Reabold be acquired? You have to service the debt and everything comes with it. So why is Reabold looking to give it up for shares?

Think...