Saturday, May 14, 2022 5:18:20 PM
The annual report and interview explained that they are still going through DD process on the Permian acquisition. I expect this will finalize soon. The LA deal will hopefully happen soon…I’m excited to hear details on that one. And the 5 wells they’re currently working on should bring in $250k-$500k monthly income based on the working interest they have.
There will be a big PPS adjustment here sometime this year…I don’t know when it will happen, but it’s coming.
I also did the math on recent SS updates. 8M went from restricted to unrestricted. 2,534,987 new shares went to restricted. 500k of those restricted were a single issuance, I believe maybe for the north equities signing. 2,034,997 went to restricted I believe for the 2020 notes conversion. Last conversion was at .02, so if that’s the case for these, it clears most of those notes.
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