FEGR on MAJOR BUY ALERT & DD right here!!....C
Post# of 97987
Posted On: 05/09/2013 12:45:40 AM
FEGR on MAJOR BUY ALERT & DD right here!!....CRAZY LOW OS = 10,847,170.... just up off the bottom at .0031... WAY UNDERVALUED & OVERSOLD at this PPS!! Tons of blue SKIES OVERHEAD! and news could POP at any time!!....Chart says a run back to .006's is in the cards!!..... LC
New FEGR Info, Actual Oil Production
In a nutshell here, FEGR has been producing about 75 barrels of oil per month for over a year, and recently stopped to focus on putting a 100 barrel a day field into operation. IR as of 4/27/13 says to stay tuned as they hoped to have the field going in May.
STOCK
O/S 10,847,170 Feb, 2013
IR
Sean (bearpawmarketing@aol.com)
4/27/13
FEGR has been in business for almost 15 years and they aren't going anywhere. They are working on a few new leases that are very promising. FEGR doesn't do a lot of press releases like some companies. They value their investors and when they have good news they will say. They won't however release a bunch of PR's just to falsely move the market. They believe that dies more harm than good. They thank you for investing and watch for news very soon.
Sean Tallant
PLANS
In addition to the wells in operation, the Company has targeted 6 more existing shut in wells to place into production before March, 2013. Total production is estimated to be 100 barrels per day as a result of testing additional proven oil bearing formations within the existing well bores. This includes gas in 'equivalent' barrels. The Company also plans to drill at least four new wells in 2013 as further development of the existing leases continues.
POTENTIAL
FEGR's yearly G&A expense is $500k. 100 barrels of oil per day is 36,500 x $92 = $3.3M. On average the net revenue interest of their past production is 27% according to the latest 10K. 27% of $3.3M is $900K. This would give them a net profit of $400k, use PE 15 get net worth $6M. Would be PPS .20 with 32M O/S.
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