BlueFire Equipment Corp (BLFR)

[lovethatgreen]

Went back and listened again and yes , they are reworking 7 wells to begin with out of 73 on the Madison County asset and he said they expect around 800bod out of each one of them .
Interesting he says they are profitable now at 3700/4000 barrels a month. I saw in the filing it stated $.02 net profit for one month production with the current share structure slated to be cut in half very soon.

He said they have identified potential acquisitions that can be acquired that produce 150,000 barrels per month
He mentioned the wells on the next acquisition will need to be fracked I'm assuming he is referring to the 1650bod acquisition they are waiting for one of the owners to sign off.

He said companies asset value based on the PV10 folks can goggle this to understand, they expect will be twice what they need to go to a senior exchange they are looking at the NYSE possibly less hassle and quicker upllist than the Nasdaq . That's with their current Screaming Eagle property and this next pending acquisition
He said we are looking at extreme profitability at 6000bod at 65 oil

This is going to be monsta