Jul. 23 at 3:29 PM
$AUNXF Replay of the webinar: https://t.co/sVV2RLNmBF
He actually answered the funding question: "It's clear the company is looking to go back to the market" so capital raise incoming which when you read the slides it's obviously a roadshow to raise funds. Then he rambled about large investors as another potential source.
There is actually a lot of info though and I need to watch it more deeply:
- drilling 2 more wells in OK this year
- Charlie back online today an update next week on production (not holding my breath)
I slept through the Syria part, I get its a good opportunity but it puts financial strain on an already strained budget
- Good info on profit margins and prices
- Oil is costing
$20 a barrel to produce
- Getting
$2.10 an MCF for Gas
FuFu may come back to OK
- Costs
$22K to produce one Bitcoin
- Would get
$6 an MCF for gas
My question answered, if OK so easy why was this lease not drilled already
- Prior lease owner was anti-oil, new lease owner is all about oil
