A hearty "thanks" to dog for helping watch over the board.
Unfortunately, this mention did not fall in the category. No pass on this one as none is needed.
I just read the PR and am pleased. I wish there were specific numbers to issue, but I did not expect any production numbers on this PR, as the well still continues to be cleaned out. We will not know full production numbers for some time to come. I do expect the numbers to rise as time passes. But, we do have oil and time will tell the production numbers. Again, because of the hardened mud in the hole, no production numbers were expected by me at this point. Therefore, I am not disappointed in the PR.
I am please to see the pressure reading as well as our interest in the 13 other wells.
Other positives are that PIP did indicate oil and we found oil. Second, that our crew do know what they are doing. (Should one choose to dig deeper into why the well was sold and why it was bought (by someone who knew what they were doing - even though some on the board thought they knew better about his oil aptitude and scamability.)
IMO, we are on the ground floor of an excellent opportunity!
Yes, share structure still needs addressing as well as other issues, but ultimately this is good news for us all.
Per usual, this will still take time. To me this is no biggie as I see this as a long term investment.
As far as funding for future wells, those interested should call Tom for that information. An explanation is warranted and I suspect that new shares will be issued both for cost and for Tom. (We all know this, no whining needed.) The wells will not be free. What remains is how they will be funded. I will call for my own DD when I feel necessary. You all can do as you wish.
You all be good tonight as this "powerful" new chair feel, for the moment, quite comfy :)
All of the opinions expressed here, inclusive of all my past, present or future post, are mine, and mine alone. The opinions expressed are not a buy or a sell recommendation. Do your own Due Diligence.
AI
