Groove Botanicals, Inc. (GRVE)

[seismic]

Thank you for the reported observation in post 12926 on Avalon asset; Grace 5A.

“I should also have added that the pumping rig at the Grace 5A site (and other Grace wells, less the Grace #2) was operating the same day when the Grace 2 figures were taken. Didn't have an opportunity to read the meter(s) there.”

From Avalon press releases:

"The Grace 5A was re-completed in February 2009 and shut-in in June 2010, and has produced less than 1,000 barrels of oil from the Redfork Sandstone. It offsets wells that have produced over 80,000 barrels of oil.” Also in the press release “We feel a successful workover on the Grace 5A will enhance our monthly income and increase the valuation of our oil reserves."

Avalon press release from 2009 and 2011.

“The company also stated its intent to acquire Prue Sand potential in the Grace #3, Grace #5A and the Grace #6 wells, with estimated reserves at 33,000 barrels of oil and 111 MMCF of gas.”

“Avalon owns a 75.00% working interest and 51.45% net revenue interest in the Grace #5A.”

For me it has always been about the oil and gas assets and how undervalued this stock is!