These leases employed over 70 people before the crash. These people want to go back to work now, not 3 years from now. It's JR who may have his time schedule off a bit. If you were sitting on unemployment wondering when your benefits would run out; would you invest your time in uncapping those wells with the promise of payment after the company gets paid for the oil ?
Completely agree with you, the website can be confusing because it shows on this page up to 6 months for the acqusition of all 4 properities here under "total first 6 months capital needs"...
And then on other web pages their basically considering all 4 properties are acquired, I cant explain this myself, this one confuses me also, look at "year (0)- cash and equivalents", dont want to make presumptions, but was year zero last year or pre-merger?? does brazos already have all 4 properties?? and was it a simple stock swap for the properies??
Yeah i think people are thinking this is going to be just one big boom with a PR saying we got all three projects and going to produce 1.4 billion barrels this year and this is going to hit a dollar in a couple of months! No doubt this thing will probably hit 0.010 - 0.50 cents range at least if the projects lined up are producing and the company is staying true and on track! This is a REAL company and not a fly by night scam!
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