SEY sunset energy limited

New silver thread project looks good. Market cap $4m, $2m cash,...

  1. Jim
    974 Posts.
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    New silver thread project looks good. Market cap $4m, $2m cash, producing and now drilling again:

    Acquisition of Silverthread Project
    Highlights
    20% working interest acquired in Silverthread Project
    The project is located near producing oil and gas fields and has
    estimated gross potential P50 recoverable resources of 7 million
    barrels of oil and over 15 billion cubic feet of gas
    Sunset Energy’s net revenue interest in the P50 recoverable
    resources is valued (in the success case) at approximately $125
    million and the project represents a potential, high impact project for
    the Company
    First well to be spudded within the next week and will be drilled to a
    target depth of 7,900 feet
 
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