People, what a team we have working for us in the states... to get the placement out of the way quickly before the end of the week and have new cash reserves recieved next week with newly listed shares...is a strong move to drill poole asap and our new confidence we have with drilling a low risk target...our board knows it, and elects to offer its shareholders leverage in this play... and afterwards everyone is rewarded, more so Pendulum... The placement is not a good one for us shareholders... newly listed shares paid .126 and new options worth a few cents (leveraged) each has a much steeper dilution...
All the signals are firing, And we hit the ground running into production straight away... This is worth extra value to us as other oilers have 'monthly' development costs and waits....
to not provide shareholders the chance to buy at .0126 is a shame...
this is the week people...
DR11 hits liquids... Allen dome flows 300 BOPD (projected from company) placement shares become listed... Poole is moving to site... First production to revenues from allen dome ... If we can pop this 700 bopd and pop 70k per day it will only be a couple of weeks month before we can pop a cashflowed drill to sprout... Looks like candy from a baby as Titan launches a step out producer...
still need to find some future value appreciation to happen...With Titan up 14.3% on friday and a strong push at the end of the day pushes up to 1.6c...
This could play out a few ways... I will be looking for shares trading up to 2cents as a new support... and rightfully so and as listed above in company activity happening over the next week or two and on a forward basis... 700 within a month should be worth a double up, and with talk of more appraisal producers could set us up well for growth of 2 baggers... poole should shoot us mid 2's / 3's if Allen domes plan out as we have been presented... and we carry DR11 as the upside... and or any norwest updates...
I still see DR11 as a core company focus in what is looking like first producers in 2015 from a massive resource... and using Allen Dome as a cash flow to fund our shale...
after a near 6 months on the Titan Buzz, things look like they are really starting to happen... the 50% blow out, the pull back... and now some pretty strong signals on friday has us set up for a mind blowing, tree stomping week ahead and it will come from every angle...
GL DR11 give me some liquid candy....
.^sc
GEV Price at posting:
16.0¢ Sentiment: LT Buy Disclosure: Held
