Firstly Brightoil run your numbers for the first 3 units:
1. Heavy oil or road tar if you want to call it they are making 10 dollars USD a barrel profit. 2. Now say they produce 1000 barrels per day meaning they make 10k per day. They own 30 percent of that plus pay a royalty to cuba and tax which gives them around 15 percent of that left over.
In summary they will profit 1.5k per day. Add that 365 days a year they are making 500k profit in a year maybe 1 million tops. Put a 20 times multiple on that and gives you a 20 million dollar valuation. You’re a 225 million market cap your top sheets you keep pumping from AP the Pinocchio which changes his story everytime the market drops is a shit investment.
I respected AP but now after he thinks the market is stupid because he says that apparently he knew all along it won’t flow and we need horizontal wells garbage
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