Replies to post #640 on Scam Plays and DTC "Chilled" Stocks - Beware of Bo

[SeaOhToo]

Here is the problem with this asinine statement, "They blowed 7 million in 3 month and there is no update about pipeline being built.
They cannot last longer without a dilution or insider dump "


They made $228,000 last qtr. they have. $6.9 million in cash. They have no debt and they have a $25 million credit facility to build the pipeline.

The have secured a CO2 supply with Kinder Morgan, building a CO2 pipeline fr Cortez to Milnesand, and will begin CO2 flooding in 2015.

The flood will produce 1500-3000 Bopd. Thats $50-100 million a year.
So to build an $18 million, 38 mile pipeline will happen.