PEII this is only Q-1 2013 $106,874 versus $90,634 for the same period in 2012. Petron Energy II beat 2012 by as much as 31%. Hence the announcement of the production report and the S-1, are exciting at the least. The 2014 Q-1 who knows what the increase will be 50.02%, 41.38% maybe 101.01%, or perhaps 203.21%who knows, certainly not you or I.
But we should know Monday March the 31st. A R/S who knows, (certainly not me, and for that matter not you) but, even so, a R/S would be years, and years, and more years from the S-1 approval.
Do you releaize the S-1 could allow PEII to drill, perhaps as many as 20 new oil/gas wells, depending on depth? Perhaps PEII hits a 2000 BOPD gusher? Who knows, (certainly not you, or I)?
Let's see what the production report brings, after this weekend, we will all know.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.