News???

we keep getting closer to oil flow news for Rex 1 & 2 & 3.

Hot chance that we have news first thing Monday morning.

Might send off another email since I haven’t received an answer from my last email. I have been in the dark since Christmas. Very tedious.

Hey if I’m filthy rich now, I want to know about it. I want to contemplate all the new opportunities that my new wealth opens up for me.

If Rex 4 spuds in February we should easily be able to drill 4 more wells in 2020. That should keep oil production above 3,000 bod for the entire year after the end of March and we will be receiving more that 90% of the income. That’s 11 weeks away.
After we drill Rex 4,5,6 and 7 we could start pushing against our current facilities maximum capacity of 5,000bopd.
And then there is 2021 and Rex 8,9,10 & 11.

WBE will be a growth stock with earning ratios like a real company, not a little oil explorer minnow.

Oil prices are going up, with little likelihood of them going down soon. Currently that’s a six month WTC oil price high. Up about $2.50 .

I suspect WBE will commission a new study into our oil reserves to get an updated figure of the likely amount of oil we will be able to produce from Wizard Lake. This has significant relevance to how much the company is worth thus a indicator of how high the SP can go.
If DM is planning to borrow money for the next oil field purchase then a new reserve estimate is required to establish how much we can borrow.

All looking good and going to plan.

Saltbus

Who says we can’t make 5 or 6 cents within three years!!