I believe the reserves are there. The issue IMO is the flow rates of the wells. Too slow for this company to grow subtancally, or at all. They are spending more than they are making. The money in the bank has come a long was down from the $50M capital raising and is running out fast. Maybe another raise to come, but are investors going to be burnt twice. First raise was around $1 per share.
I believe the reserves are there. The issue IMO is the flow...
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