Who knows- but all of their wells are not in the Permian they have a hodge podge of them in N. Texas and I believe some in Oklahoma. There is come concern that the transparency isn't completely there yet and we really do not know for sure how much ACTUAL oil they produce. I never call companies and I broke my cardinal rule of doing so yesterday-this lady picked up and said you need to talk with this guy named Stephen Salgado-I passed it's one of those IR people. So I googled this dude and it comes back he's related to the owner Jed Meisner out of Spearman,TX possibly by marriage not sure yet-don't think I really care. So I then looked into this Meisner fella turns out he's also a pastor or was a pastor at this tiny church called Unity in Spearman,TX. I then found another oil related biz he was in the past related too and a phone number called no longer works.
I'm starting to get the inclination this may not be as big a potential play with upside that I was thinking could be. Just because they have 70,000 acres doesn't mean a hill of beans. I found some old PR's of where they acquired wells at and some of their production it's really piecemeal looking for things on these guys. I was hoping they would have a web presence that actually lists how much oil they produce and where their wells are located-but they do not. Try to find them through the Railroad Commission LOL it's a joke. Seems like a pretty tiny company apparently. Should have looked deeper into them when they merged but was busy with larger investments on the Big Boards.
They need to disclose how much oil and gas they produce and sold amongst other key facts.
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