Re: "As for the oncoming quarterly report, we should see revenue increase,cash flow positive, this will push the SP toward 10c".
I cant argue with it going to ten cents, that would be a suitable correction. But you think we wil be cash positive huh? Thats fair enough. I hope you are right and at this point i dont know enough about our activites/costings to be able to calculate it. I can only calculate our Sales Revenue at this point and acknowledge previous 1/4 expenses, while thinking of the coming table of expenses for these wells we are actively bringing online.
Re: "They already knew the flow rate for some extent, otherwise they shouldnot waste money on the pipes".
I called the company the other day about several aspects of the company, including fracture stimulation techniques that already work on the same formations in the immediate area and i formed the idea that a gentle frack was in order, indicating the same as your own idea - that they knew something about the flows to go ahead and prepare to tie it into market before fracture stimulation even took place. As i understand it, the other targets at the well site can always utilise that same infrastructure when their turn comes.
Cheers
L
TEX Price at posting:
5.5¢ Sentiment: ST Buy Disclosure: Held