I quit playing O&G years ago, Pennymachine.
I determined that if it's a penny/subbie, it's a scam. Or atleast, it's a low reward play.
While a few have made investors some money now and then, of all the ones I used to follow closely back in 2006-2008, none have gone on to be honest investments. Not one. Despite oil having held $80 bbl all this time.
Many have sought the 'low-lying fruit' in reworking old wells, but history proves that none have ever made much $$ from them. Atleast, none have made investors in general, much $$.