GRPR has as much potential as OEDV. Yes, it does. Do some of you do any DD yourself and do you really understand what you are reading?? I really have to wonder sometimes... Here is what GRPR has.. 300+ drilling locations in one of the most low risk and prolific nat gas plays in the country. (Jonah Field) Nat gas prices will come back to the 4.50 - 5.00 level within 2 years.
The Kreyenhagen Trend in California .. well the reserve estimates continue to be revised upwards as the play is explored and developed by other players. Don't forget, GRPR is fully carried here..
The Texas deal is once again a sweetheart of a deal. Big reserves, low cost, multipule stacked pay zones and good flow rates. This offers a fast high rate of return on your investment. Over 100 drilling locations on this project. This cost is carried forward with each successful well drilled.. Understand what that means???
I don't mind answering questions, but go back through the info that has been posted first. There is a wealth of it here and on Solimar Energy's website as well. If you need clarificaton, I will be happy to do so. I do get tired of answering the same questions over and over and over, because people are to lazy to do their own DD here.
Another note.. It takes time for oil companies to develop. The people who make big money on these development plays, set and wait them out. If GRPR can hold it's share count to 200 million or under and can achieve 1,000 bbls a day production, prove up some reserves along with that... Then you will have a .50+ per share stock that will hold its price. At 2,000 bbls double it or even better.... Those production numbers will take 2 years to complete. Question is..Who here can wait two years for this to develop?? My guess is most will sell @ .08 -.10 and be back later to chase it as it goes higher and higher, having blown their chance to catch the major move as the company develops it's assets. Don't buy into the pie in the sky price targets that some post here.. Go off of facts... Production numbers, proven reserves, profit margin and cash kept on hand... They are all that matter.. That is how you value a oil company, by pumping oil , not pumping the stock..
