That's 100% what I'm wondering.
Why are they floundering? It doesn't make sense. If the asset has oil, their floundering makes no sense.
If the asset is dry as a bone; their floundering makes sense.
As it stands, they've stated publicly they are looking for permits for drilling within 3-6 months.
Meanwhile, in the offering, it states even if they sold the entire offering at maximum price...they'd not have enough to start their WRB project. That's what's stated in the offering. They will not have the funds.
Why are they trying to solo fund the project? Doesn't it make more sense to lease the ground and be paid royalties?
See....I don't think there's a damned thing in the WRB. I think it's dry, and that's the only scenario where their actions make sense.
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