What good does do it do to mention 4 year averages on assets no longer owned??? Who would EVER care? They sold off what produced that revenue! Of course the stock dropped 99% while they averaged this paltry number so obviously it meant nothing then and is completely irrelevant and meaningless now.
They don't have $9.6mm in cash. They HAD $9.6mm in cash but it's gone just as is the production that generated the measly $10mm in revenue.
Sold off acreage for $10mm (AND ALL OF THE PRODUCTION LEAVING NONE!).
15,000 worthless acres that EOR has failed at every attempt to drill. YEARS AGO.
PV-10 of $56.1mm is untrue. That was inclusive of the acreage and production sold off already.
Yet ANOTHER reason why nobody trusts this company, anything they hear from it or anybody involved with it.
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