Again no bagholders. I am actively buying in this SP range. The market cap is only $10 million. The have $6.9 million in cash. No debt. And reported $3.2 million in revenues last qtr. They reported $228,000 EBITDA.
In 2015, EOR will begin the Co2 flood in th Milnesand and Chaveroo field. These field in compass 21,000 acres in the Permian Basin and are projected to produce 1500-3000 Bopd. They are reserves current have a PV-10 of $54 million, under CO2 flood they will be valued at $260 million.
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