Bringing wells online monthly, or just regularly,
Post# of 39368
Bringing wells online monthly, or just regularly, would have a dramatic impact on our stock price. I have been watching a penny E&P stock called FEEC that hydrofracs for CBM gas in China. They have made no money in the last 3 years, and were 27 million negative net income last year. Their stock went from 30 cents in July of 2012 down to 4 cents in January.
It had a minor pop up in late Jan but pulled back to 4 cents in April. Last month the PR'd and 8K'd that they had just completed 7 wells, then later last month they PR'd a total of 21. The stock shot from 4 cents up to 18 cents. I think the wells are completed but I don't think they are in production yet, but screw it, they have 21 wells completed in 2013.
With TNC and the wells we are looking at in Taylor county alone, I think that there is a good chance Treaty will just start banging out productive wells and start really moving the stock.