* $3.5mil[email protected]with $2mil cash = $1.5mil EV. * Approx $44,000 (US dollars) per month oil revenue. * June Quarter 53k cashflow positive. * Tiny cashburn which can last another 40 quarters. * Top 20 holds approx 72% out of approx 300mil SOI. * 50/50 JV with BRK who has their US Subsidiary, Black Mesa Production LLC, run the oil shale and gas projects in the USA.. * Further acquisition later this month (August).
Oil revenue will increase as their other projects goes online and production increases.
