Texas I take it your dinner went well. No doubt that good things are to come. I just keep thinking about how many thing bign has going for a small growing company. Lets list them
When the E. Texas deal closes several things happen.
Royal owns 300 wells.
Someone will have to operate the wells. They could and I use the term loosely form a company to run the wells and spinoff shares in the news company or let WWOG run the operations. I like the second part it increases the value of our WWOG shares.
Bign will get the LA oil fields valued at 13 million with 4 million in cash. The field produces 2 million in revenues.
Bign to the best of my knowledge has 2 wells in Grimes running, we could use an update on this but in the last PR it stated they are producing so I will assume they still are. Would be nice to see they are continuing moving forward with this.
Bign with tyche have the CC NG well running producing NG. Plus Tyche announced the well that can produce 5000 mcf per day. Thats around 12 million a year. Not bad for those who own the TYEG shares. We should be getting close to being finished drilling on this soon. I am guessing.
Also Bign owns a big percentage of Tyche the value of this your guess is as good as mine. But its at least worth 4 to 5 cents a share based on the land tyche has under lease. Maybe much higher.
We have 40 percent ownership in Oklahoma and New Mexico with WWOG. I would guess we should have at least 2 wells done by now, and when E Texas closes it will excelerate the process. I think bign was thinking the deal would have closed earlier thus the over estimating the timeline, but thats ok they also do.
One more wildcard is New Mexico, Although they did cap and abbandon the well there it was not a dry hold it was capped because the drill head stopped turning. This can be fixed but cost big money. With more money comes the ability to fix the drill and hit the pay dirt. Texas Tea, Black Gold.
If I missed something please let me know.
Razor need not reply.
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