Company is way undervalued for where it’s at and what’s about to do in coming weeks with appraisal. It’s the biggest find in more than a decade as per CEO and movable hydrocarbon ticked off and oil discovered. It’s market cap today just went past 88e which has nothing and no money. tells you how cheap this is.
1. STX appraised 42 million barrels of oil - 700 million market cap
2. WGO appraised 32 million barrels of oil - 400 million market cap
MAY is appraising 388 million barrels of oil in which 126 million barrels are theres over 2 wells being done simultaneously and the infrastructure and production starts at the same time. Put it simple 1.5 billion market cap on appraisal that’s just fact. Share price doesn’t move from 5 cents to 50 cents in 2 weeks does it weeks before that’s why it’s running. Also that the CEO and team have already got the trucks, tanks and contracts back in place from November for production.
Heavily oversold and returning back to previous highs before the delay in appraisal (15-20 cents)
General discussion, page-4
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