Now that you point it out, why haven't they reported the results? They claimed it was good briefly, but then said nothing at all on the subject.
IMO drone/reworking old wells is a waste of time. You go for the big hit in WRB, which they have stated holds over 300 million profit with gas at less than $50 per barrel. It's now over double that.
The total pull from WRB should be over 2B in oil, 600M in profit.
Going for chump change tells me they are either too afraid, too incompetent, or they were too deceitful in the amount of oil in WRB. There is no reason not to go for the pay layer.
Good business owners know how to target the cream of the crop. They know what their bread and butter is. They may refuse to put something in their store because the space it takes up isn't worth the profit they'd get from it. What that means is, the best of the best, don't worry about small change, they find out what their big winner is, and they push it.
Last presentation they claimed to be looking to get a permit for WRB. This is good news if they follow through. Biden (officially) allows permits again after political posturing. 2022 set FTXP to be the biggest powerhouse on the OTC with potential to hit amounts that are absolutely insane given the current price. 0.10 or higher isn't out of the question...if they drill successfully. 2022 literally set FTXP for a grandslam - lets hope they don't sit on their thumbs.
It's also worth noting that financials need to be updated or nobody will be trading this stock. On the other side of all the great things that can happen, is that they can refuse/fail to put out financials, which will leave us in a non-tradable position.
