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