Come on Clever, take a look @ the dbrm web site. All of the Officers & Directors have a combined experience in oil & gas bidness that exceeds 100 yrs.
Do you really think that these people w/ all of their expertise dont know how to court MMs? & get a true value of the pps?
As I have said b4, the pps for dbrm should be $3-$4. Do a calculation on 1yr forward basis........22 wells (per dbrm's Mgmt stated drill schedule) in Ky. & then add in the 20 producing wells in Ca.
Also look @ the Monterey Shale formation. It does extend into Kern County.
Does anybody here have any insight on the Monterey shale formation in Kern County & dbrm east slope proj?
Approx 1 1/2 yrs ago I asked JW about it & he down played it. Maybe he was managing a shareholder's expectations? I just dont see anything big on production in those wells (27 bbl per day per well) in Ca.