You are saying they don't know how much they are buying or have bought? Say that out loud to yourself. Does it sound any crazier than it does on paper?
Thats not what I am saying at all. I am saying if they are in negotiations for a foreclosed well and are interested in Kepcos other foreclosed wells why would they announce exact numbers until the deal was closed?
I'm sure there's more title work and paperwork to do. But two months? Why will they need production numbers to announce their ownership percentage?
Im sure they do not want to make the same mistake twice and put out an incomplete PR. They are doing more than just getting one well producing they are trying to clean up Aults mess.
Its time to get real here. They might only have 10 percent. They might gross 190 dollars a day? Are you still holding? Are you scooping up the cheapies still? Mabye its 30 percent. Maybe they get 400 a day net. Then they have to pay taxes. Then there are unforeseen bills. Then they have to save the proceeds to buy into the next risky well where they might lose everything.
Just as they may only have 10% they may have 80%...you dont know and I dont know because IT HASNT BEEN RELEASED YET!!!Unforseen bills? What start up business doesnt have those? Risky well? If they are buying up foreclosed wells there is not much risk...they are not wild catting here.
Maybe they own 50 percent. But there's a billion shares outstanding ( as of months ago) . Are you still buying if they gross. 200k a year? What Does the CEO and board pay themselves for m
"Managing" the company? Come on.
Again maybe they own 80%. True there is a billion shares. Yes I am still buying if they gross 200k a year because it is only ONE well. The first well. What is 200k times 60 wells? This is a START UP COMPANY and they are just starting...one well at a time.
This is a p and d. Plain and simple.
You need a P in order to have a P&D and there has yet to be a P.