Replies to post #86178 on Value Microcaps Motherboard

[Bobwins]

researcher59.....See, that's why I said I was available to answer "EASY" questions. I didn't fall off the turnip truck yesterday!~

Ok, here's the short answers NO and NO.

But I have a simple mind so I like to keep things simple.

Last qtr they produced an average of 1022bpd of oil. That's the risk of hedges costing them money. The natural gas shouldn't be an issue. They produced 34,855mcfepd in Q3 so 28,723mcfpd was ngas or 82%. If the same ratios hold, the damage should be limited to the 18% that might be oil. If you read about their upcoming connections, most are ngas.

I haven't dug far enough back to find out what the reserves are for their purchase. I'm sure it's buried in the SEC filings. Bobwins