EORIF-No sir, you misunderstood or deliberately mislead. I am buying more at these prices!
EOR has a market cap under $10 million.
They have cash on the books of $6.9 million They have ZERO debt They also have a $25 million credit facility They have Revenues topping $10 million for 3 years now They have production of 400-500 Bopd They have 21,000 acres in the Permian Basin The Reserves are valued at $54 million.
Not a bad investment for .065 if you can pick some up!