Replies to post #5343 on Daybreak Oil and Gas Inc (DBRM)

[jjwood]

LOL, I'm really starting to doubt these numbers for the reserves. Oh wait, maybe we should let the price per barrel drop down to 30 dollars. Then they can complain that the price is too low. These other companies that recently got involved with dbrm are starting to look like a joke, just as I thought in the beginning. These guys cant even run a good scam, lol. So far all we received is the o/s increasing to about 7 times what it was.
And supposedly DBRM has been sitting on these reserves the whole time, LOL, getting funny and sad all at once.
It would be like me, taking my thousands of board feet of lumber, all my woodworking tools, then locking them up in a building and throwing away the key, while telling everyone what potential I have.

from the website
https://daybreakoilandgas.com/
Operational Projects:

East Slopes Project, California
Michigan Basin Project

What are they operating?? any production numbers??

[jjwood]

Look, it only costs 26 dollars a barrel to produce, and DBRM is producing NONE, while oil is over 100 dollars? I think maybe DBRM may have to quit putting out false info.

California
? Approximately 3,500 acres under lease in Kern County, California
? 3-D seismic coverage over entire acreage position
? 434,223 barrels of proved crude oil reserves at February 28, 2021
? 20 producing crude oil wells
? Average of 36.6% working interest
? Low operating cost - approximately $26 per barrel of crude oil at November 30, 2021
Michigan
? Approximately 700 acres under lease
? Analysis of the 3-D seismic survey confirmed the prospect identified on the 2-D seismic, as well as
identified several additional drilling locations
? 3-D Seismic was obtained in January and February 2017. Results confirmed initial drilling locations.
? 70% non-operated working interest