Replies to post #5258 on Daybreak Oil and Gas Inc (DBRM)

[jjwood]

more info on their website, maybe not enough though.

[maverick one]

There are leases all over Texas & Oklahoma that would produce much more than daybreaks CA lease. Seems like a lot of work and capital investment for only 30 BOE after 10+ years right? Reabold has something Jim wants or is after. Likely higher flowing leases much better than what he has for 10+ years. Let’s face it, 30 BOE after that many years, money invested and time, isn’t exactly breaking any production records.,

There must be something else, has to be imo. So going to allegedly 100 BOE a day is I guess a big deal for this operation. Still it’s CA, wells fresh drilled will spud lots of initial BOE- then they slow down dramatically. Slow and steady eddy.

But- it has its drawbacks - sure dependable. BUT- not a lot of oil overall BOE. To grow one needs higher BOE daily, to attract institutional investors and support. DBRM doesn’t have that and still may not after this merge. Which means PPS, shareholders it could be a flop, or a mixed bag. You can’t have 100 BOE daily and trading where it’s at- imo I just want higher PPS. Issue all PR’s they want too, but deliver a higher PPS to make it worthwhile common shareholders.

There is potential here, always was. But- we need imo to see institutional support here imo it’s just as important as 100 BOE.

Maybe Reabold sits on 100 BOE+ 1-4 well gushers? If Reabold can be a cash cow, then use that $, to go after other strategic geo leases and roll them up. Increase production and do something here. I’m bored with the kern leases after this many years here.

Let’s move on here and start getting institutional support and boost PPS.

[maverick one]

I’m wondering why they haven’t acquired leases in Oklahoma, Texas, New Mexico, Colorado, etc? After 10+ years of low production from Kern, seems like something isn’t firing on all cylinders with daybreak. Instead of acquiring Reabold, another lease in CA, why not in other parts of country, where production BOE is higher?

Where is the institutional support, why is pps so so low? Nobody imo knows about this company on Wall Street?

I just simply do not understand after this many years why it’s trading this low for so so many years.
With record low rates for years- the opportunistic ability to expand is readily available. By giving shares out in exchange and raising $2.5 mill- we better start to see some operations jumping from 100 BOE+ to 200 BOE+ within 12 months.

After all this watching and only 30 BOE, daily production and a PPS less than a nickel, someone wake me up in another 10+ years.

We really need too see after this acquisition more aggressive holes being punched and move up off 100 BOE, in a big way. I’m hoping they do. Because if not, IMO, this will continue to be a low PPS, along with zero institutional investors.

They need imo to step up here and start growing this BOE daily production.