Replies to post #10401 on United Energy Corp (UNRG)

[N1ckelodeon]

Don't forget Kansas. I DL-ed "delimited list of all operators."

https://kcc.ks.gov/conservation/oil_license.cgi

Sam Smith did not pop up. Perhaps it could be listed under another Rigworx executive.

Also, they are registering for TX as per the website. Who knows what they have there.

Still digging (er, drilling)

[stressfreeliving]

Thanks for that potential revenue update. NICE numbers. $$$

$UNRG

[Penny Pro]

Sounds great, They need to Info the shareholders now.

[kommisar7]

how do you get a turnover of 57 million usd per year
on a pps of 4 to 8 $
with me that is about 2 $ pps .....
can you help...

[HDOGTX]

Thats huge DD, nice Find...

[Djdjdjdj]

Would you post your source of that info please or did you already? Thanks

[Ezpenny]

That's YUGE! LET'S GOOOOOOOO

[Tengri]

Potential strategy of UNRG...

Sam Smith has made down market acquisitions
https://angel.co/company/striper-energy

The oil price collapse (from mid 2014 to early 2016) drove mid-market and small producers into depression. The market was flooded with "an abundance of proven reserves, equipment and rights at pennies on the dollar".

Sam Smith has acquired these discount assets with "a current inventory of better than 100 wells", and the ability to "produce Oklahoma Sweet Crude for roughly $18 p/barrel".

Market price for OK Sweet Crude is $50 p/barrel
https://www.oilmonster.com/crude-oil-prices/oklahoma-sweet-price/96/25

Market price ($50) / Cost of production ($18) = 60%+ Gross Margin