Notice the filings, their always in massive debt? Here’s a thought. What if Reabold since they own 42% now turns around acquires daybreak? If that occurs, I’ll say it now, thanks for the memories Jim.
Reabold trades in England, I believe, maybe this is really all about a slick initial hey we’re acquiring Reabold, but it’s actually the other way around? So Reabold can get a foothold in an American exchange? Surely not saying it will occur, but 42% is quite a bit of percentage, not to be overlooked.
It is a potential scenario imo. Anytime anyone takes on a partner, it is plausible.,This has been a cluster suck for far too many years. The performance of the companies heavy thick oil kern lease, imo with such low % and low production, with high debts really imo is a disappointment.
How many PR’s will be issued blah blah about we got drill permits x y z and ya da ya da on a old tired 10+ year on a 3D...LOL.
How do they plan to ever jettison and start paying down all of this debt, without taking MORE on, through the drill bit? Well how was that worked for 10+ years. Bullpucky imo. Those new Wells would have to glow on reabolds leases 100+ barrels daily for a couple years to pay this off imo.
So what imo I see, will be PR’s saying yeah we got permits, company is pleased and excited about permits, but the filings imo likely will show debt, possibly added on, unless they can drill gor free, which we all know is impossible.
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