re: News: Oil Basins Presents at the 20:20 In... great presentation and one i thought had a simple explaination of what backreef 1 prod test might mean to obl
neil explained why it has taken so long to get to this point at backreef. he expalains that for four years after listing obl was in an investment phase and was buying assests as they became available. its taken longer for obl to reach its goals and plans for its assests but as he explains its been done on a very tight expense budget for a listed co. management has been frugal in its running of
obl!! yes it has taken four years to get here but it has allowed obl to be a 350mill share co and not diluted to the point of low leverage,
$ 30 a barrel in ground value! bring on late oct
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