The info package the receiver gave to prospective purchasers is interesting. infopackage.pdf
At long last we have some info on how much Wiz Lake has produced. ...I don't think this figure has been provided to SH in quarterlies, but it makes for an interesting read. One of the things that stood out was cumulative production as at Feb 2021was 83,000 bbl oil and 429 Million CF of gas (nearly 0.5 BCF). I put some numbers on this and came up with around $6 Million in revenue from June 2019 to Feb 2021.
I'm not sure how accurate this is and grateful if someone else would care to check.
So, since the WizLake adventure began...
adding the revenue ($5.6M) plus cap raises ($17M?) = $22M
less
money spent on the wells (30% of Rex 1 and 100% of the other two ($6M)) , money spent on infrastructure ($3M) the $2M we gave PLX, Some money for pumps $1M Workover $1M Tenements $1.5M Makes... im scratching my head as to where did the rest of it go?
WBE Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
