SInce SIOR is thought to be building a 50,000 acre position in Mississippi Lime Play & that would be 4 times the size of the OEDV's position, does that mean that SIOR might one day be worth 4 times that market cap of OEDV???
That would make SIOR's market cap around $400MM... or $2.00 per share...
The following will need to take place before SIOR can possibly reach it's potential market cap:
1] Announce their Joint Venture Partner(s) & explain how they intend to pay for the development of their mineral assets.
2] Start Drilling
3] Get Financials up to date & keep the SEC happy
4] Announce above average results on their first few wells
5] Start reaching or surpassing production targets
It also would not hurt if they continued leasing, as every lease agreement that is finalized adds to the reserve base that each share represents. Assuming that SIOR continues their trend of not diluting, it could be possible to eventually realize $2.00 per share. I'm sure that such a claim will inspire some laughs, but if OEDV accomplished the equivalent, why couldn't SIOR?
Obviously, Dan Lloyd is not building this company to fail, so he must look at the OEDV chart & see the same opportunity that I mention above. I believe that SIOR is targeting 50,000 acres so that their reserves will eventually justify a share price of $2.00+. This is a magic number where SIOR will see a rush of institutional buyers flocking to SIOR, thus allowing even higher share prices / market caps to be achieved...
Is this just a coincidence, or does Does Dan Lloyd really know what he is doing (or have good advisors). There is also the very real possibility that I have absolutely no idea what I'm talking about...
AI
