Explortex Energy Inc (fka EXPX)

[Entangled Proton]

I like this lease and wouldn't mind having it myself. It has a great infrstructure with a pipeline and transfer pumps. The problem is, all the wells have been orphanned for awhile now and that equipment is going to require a lot of hands on work. This company has no operator license and can't perform the work.

IMO This lease would require several million to bring it back on line in addition to the purchase price, plus nearly 1 mil for a previous comitment by the company.
EXPX is a one man company with a pinkie stock. Although I can see great potential with this lease, I can't see a pinkie stock taking on a 5 million dollar commitment. When you factor in the fees, Raising 2 mil via the sale of common shares usually sets the stock in the triple zero area.