Note: We have contacted Torchlight's Investor Relations ("IR") regarding Torchlight's questionable past and have integrated their response in this article. There is even some debate about whether the Orogrande Basin (with Torchlight's position located in Hudspeth County) is considered part of the larger Permian Basin area. I am not receiving compensation for it (other than from Seeking Alpha). In 2018, Founders sold its 9.5% working interest for a total of $2.5 million. One Metamaterial share is around $3.00 USD and that gets you 3.3 Torchlight shares (around $0.91 USD per Torchlight share). FORM 10-Q (Mark One) x Quarterly report under Section 13 or 15(d) of the Securities Exchange Act of 1934. . Please disable your ad-blocker and refresh. //www.accesswire.com . It appears that he has employed a similar strategy at Torchlight. The deal closed on Dec. 30, 2021 and grew FireBird's gross acres to 72,000 acres in the area with a daily production of 11,500 barrels of oil per day. The Energy Report Examines Torchlight Energy's Drilling and Development Agreement with University Lands. The company's entire perceived value is based on possible oil in its Orogrande Project. The company paid a total consideration of 865,000 shares of Torchlight common stock and $100,000 in cash to the seller. is in the process of . Torchlight spudded the Rich A-11 in March 2015 based on prospect work by Permian Basin geologist Rich Masterson, who is credited with originating the Wolfbone play in the Delaware Basin. We did our due diligence on this rig. Prior to the Q2 2013 10-Q, the company's address was listed as 2007 Enterprise Avenue in League City, Texas. Engineers warn the new wells could produce as much as 50% less in some circumstances. Our primary focus has been the development of interests in an oil and gas project consisting of 134,000 contiguous gross acres we hold in the Orogrande Basin in West Texas in Hudspeth County, Texas. Lease Prices, Demystified. Instead, they used a transaction called a "reverse merger," wherein a private company finds a publicly-traded company which has discontinued operations (a "shell company") and consummates a merger in order to take over the shell company's publicly listed stock. However, according to Mr. Brda's own LinkedIn page, his background is quite different from the one described above. $1,600. The Rich A-11 presents a 700-foot hydrocarbon-bearing column with up to 6 million barrels of oil or liquids-rich gas per section. discussed below). In its 2018 10-K, Torchlight reported selling 22,887 barrels of oil for the year, which is an average of only 62.7 barrels per day. Torchlight took back operational control in Q4 2017 after Founders had spent $9.5 million to gain a 9.5% working interest in the project. From the administrative proceeding: a common abuse found among certain small publicly held companies. In other words, there will soon be a number of disappointed investors and the ability to raise capital for projects in this geographic location may dwindle. So that price per barrel is way down the line if even possible. Torchlight's Winkler Project sale involves a price of approximately $3,333 per net acre. . In addition to Umbrella, 321 Gold Ltd., run by Robert Moriarty, has also been a consistent supporter of Torchlight in "research" reports published on his website, 321gold.com. In April 2018, TRCH said it would sell its Hazel Project, but never did, and raised equity instead. Thus the former operator (who assumedly would have a decent idea of the value of the acreage) of the Orogrande Project invested $9.5 million in the project, but ended up selling its stake for $2.5 million. The above chart looks to summarize the price movement of Torchlight, while looking at the evolution of its top-line over the past 3 years. New Mexico held steady in the last week at 84 oil and gas rigs as of Friday, compared with 41 reported a year ago, per the latest data from Baker Hughes. The former operator of the Orogrande leases sold its 9.5% working interest for $2.5 million back in 2018, after spending $9.5 million to earn that working interest initially. I wrote this article myself, and it expresses my own opinions. These calculations tend to mention the value of prime Permian Basin acreage when discussing Torchlight's Orogrande Basin acreage. Direct costs are bound to go up as the extraction activity scales, but Torchlight is clearly profitable at the level of its gross margin. Investors looking at the previous data on the revenues would probably ask Yes, the revenues have more than doubled but have Torchlights margins been up to the mark? The answer is Yes. So, v a = PPA. Shale development is just beginning in the Delaware. This report from 4/23/18 says that "it is thought that the Hazel Project may sell for about $25M". Some companies are off track by more than 50% in certain regions. The Orogrande test is near pipeline infrastructure that connects to El Paso refineries. Adjacent leases still sale for $10/acre or less. Right now, the average price for a loaf of bread is, approximately, $1.87. Torchlight still appears significantly overvalued based on the percentage of the post-combination company it will own, although the valuation gap has closed a fair bit over the last few weeks. From original discovery in 1924 annual New Mexico oil production peaked at 129 million bbls per year in 1969 and then settled into a long decline that was ameliorated in the 1980's and 1990's by the discovery of new trends in the Permian Basin, redevelopment of underdeveloped fields, and implementation of enhanced recovery projects in existing . In April, closely held DoublePoint Energy sold to Pioneer . The higher $81.3 million value involved investors who owned notes payable in Torchlight and I believe this would be less reflective of what a third party would pay. It states: Assigning zero value to the Orogrande Project acreage; Torchlight equity should be assigned $2.50-3.00 in immediate-term value. Torchlight's Winkler Project sale involves a . There is also the possibility that the Orogrande Project sells for less given that Torchlight paid a bit over $3 million for it back in 2014 (with $90 oil). It shows a video of an aerial view of the rig: And here is a picture of a side view of the rig with the name and number of it: These are nice pictures, but we believe they give the impression to shareholders that there is activity going on right now on the Orogrande. Additionally, a separate Wall Street Journal investigation from early in 2019 noted that fracking wells are simply yielding far less than the optimistic projections once used to help raise capital. Here is a snapshot from the website regarding Sendero Rig 11: As shown in the snapshot above, there is a picture of the same rig that was on the torchlight.com website. Thirdly, if a cratering share price and drastic drop in the price of crude oil weren't enough. Is this someone you would want to invest your capital with? in Finance from Southern Illinois University, Carbondale, IL.". Join our community to receive exclusive research about various energy companies and other opportunities along with full access to my portfolio of historic research that now includes over 1,000 reports on over 100 companies. I wrote this article myself, and it expresses my own opinions. latest information I found, but if accurate it still points to Metamaterial's shares being significantly cheaper than Torchlight's shares if one wanted to invest in the new company. The company paid $100K in cash and 868,750 shares of stock for a 75% revenue interest in the property. Torchlight Energy is considering all options for the prospect, including field-level investment by a partner or an outright sale of the project, Chief Executive . . The Permian-Delaware basin is still valued at $30,000 per . Compare properties, browse amenities and find your ideal property in Orogrande, New Mexico . Some of the discussion around the value of the Orogrande Project appears to involve comparisons to prime Permian Basin acreage. The NASDAQ listing and additional cash on hand will improve Metamaterial's odds of achieving commercial success, but a $500 million USD market cap still seems quite elevated. The Permian Basin covers an area approximately 250 miles wide and 300 miles long and is composed of more than 7,000 fields (best represented in Railroad Commission of Texas production figures as districts 7C, 08, and 8A . Is this happening to you frequently? Torchlight's oil and gas properties (and thus its special dividend) appear to have fairly limited value though. Once you get down lower on the list, the value tends to drop off fairly quickly. Collectively, the companies that made projections are on track to pump nearly 10% less oil and gas than they forecast for those areas, according to the analysis of data from Rystad Energy AS, an energy consulting firm. Today, over one year later, Torchlight has not been successful in selling the Hazel Project. Such efforts by the management to improve the efficiency of extraction will go a long way in reducing the indirect costs and improving the profitability and shareholder value in the long term. 09-30-2022. Although Mr. Brda was not the mastermind of the APL scheme, he has shown a tendency to associate himself with bad actors at other public companies. He graduated college in 1988 with a B.S. . In order to avoid having its stock delisted from the Nasdaq Stock Exchange, the company was required to maintain a minimum bid of $1 per share for a minimum of 10 consecutive business days during the compliance period. The value of the special dividend is estimated at $0.45 million for the Winkler Project sale plus $12.4 million for the Hazel Project sale if that goes through. This valuation would make Torchlight's 66.5% working interest (reduced from 72.5% due to the note conversion) worth approximately $81.3 million instead. There are laws that keep them from lying, that's why they call them 'possible', but when it comes to rocks a mile under the ground, it's easy to say you see things that are promising. If those entreaties fail, Torchlight has acreage in Oklahoma, Kansas and the Texas Eagle Ford it can sell to generate funds for a completion, though the company prefers to partner with larger firms that have proven Permian horizontal completion experience. Carolyn, A lessor has zero control of the minerals leased. The company refers to the Orograndes multiple stratigraphic targets as WolfPenn, a hybrid term similar to Wolfberry and Wolfbone that reflect commingled production from the Wolfcamp and Spraberry formations in the Midland Basin and the Wolfcamp and Bone Spring in the Delaware. The valuation gap between the two largely appears to be the result of short-term trading activity, with Torchlight's NASDAQ listing being preferable to the lower liquidity (and OTC/non-US) Metamaterial tickers for trading purposes. A tiny sum, also considering that oil prices were much higher back then. All documents filed by us pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act (excluding any information furnished pursuant to Item 2.02 or Item 7.01, or any corresponding information furnished under Item 9.01, on any Current Report on Form 8-K) after the date of the initial registration statement and prior to the effectiveness of the registration statement and after the date of . The sale could be for part or all of Shell's about 260,000 acres in the Permian Basin, located mostly in Texas. Washington, D.C. 20549 . It doesnt end here. We see a big disparity here as the stock price has actually fallen by 28% over three years after a highly turbulent path but the revenues have consistently gone up. with many not being able to survive the fallout. One Metamaterial share is around $3.00 USD and that gets you 3.3 Torchlight shares (around $0.91 USD per Torchlight share). More:$1.9 billion oil and gas merger targets Permian Basin amid growing energy prices The lessor can sell its share of the future income . Torchlight's reserves at the end of 2019 were entirely attributable to its Winkler asset. We have an over 80% success rate, see our reports at whitediamondresearch.com. All rights reserved. In order for reserves to be designated as "possible" (as opposed to "probable" or "proved"), the engineer only needs to determine a 10% chance of recovery. Now the cost of a barrel right now is $73 and it is increasing. Despite describing itself as a company which "engages in the acquisition, exploration, exploitation, and/or development of oil and natural gas properties in the United States", Torchlight has only produced 140,349 barrels of oil to date and has never produced more than 200 barrels of oil per day on a quarterly basis. Under a new law proposed by House Republicans, that price would go up to more than $2.50. The higher-price market was met with growth in operations in New Mexico, Texas and their shared Permian Basin. Browse Orogrande, New Mexico properties for sale on Land.com. Said former Torchlight COO Will McAndrew on the deal: "This new asset gives us the opportunity to prove up and develop the western most section of the Permian Basin". Mr. Brda's motion to vacate was accepted by the court, contingent upon Mr. Brda's compliance with his settlement. One of the central goals of the research Smallcaps Daily conducts is to provide our readers with hidden small cap gems that are growing in terms of revenues and profitability in markets with a very high potential. While he did graduate with a B.S. This basin, known as the Orogrande . Keyword Property ID. . Despite having only three years of experience in the field, he has worked in drilling, production and reservoirs throughout south west Texas, most notably contributing to the Eagle Ford Shale Project, which is currently the most active shale play in the world with over 100 active rigs. The Hazel Project is located in Irion, Sterling and Tom Green counties. Can we trust Torchlights financial reporting? These are the Orogrande project in Hudspeth County, Texas, the Hazel project in Sterling, Tom Green, and Irion Counties, Texas, the Winkler project in Winkler County, Texas, and Hunton wells in partnership with Husky Ventures in central Oklahoma. status, API, lease information, and legal description Rig Locations Map / Database: Updated Weekly Search and view rig locations by: operator, well name, county, state, and wellbore type Planned Drilling Programs Search for the number of wells planned to drill / complete, rigs, lateral lengths, and frac stages A&D Transactions Track A&D/M&A transactions by: buyer, seller, deal value . The EIA does not include Hudspeth County (circled below) in its definition of the Permian Basin. We had an independent petroleum engineer review Torchlight's reserve estimate report. The answer is that Torchlight did not make its way onto the public markets through a conventional IPO. Right now, the drill isn't being used, he said. You can do the same for the tax liability. Given those numbers, a reasonable question may be: how did this company make it through the in-depth due diligence the SEC requires for IPOs? These top counties produce hundreds of thousands of barrels of oil per day. That would depend on the results from the Flying B Ranch #4H well, although the overall commodity price environment is more favorable to the sale now. Especially when all the infrastructure is already built. Rextag database of energy infrastructure assets. The moves could potentially cause permanent damage and lower the overall amount recovered from a reservoir. Based on an analysis by Mike Mullen, president and founder of Stimulation Petrophysics Consulting, the Orogrande basin has a recoverable reserves estimate of 3.7 billion barrels of oil equivalent, the Plano, Texas-based company said. This info is straight from https://www.torchlightenergy.com/current-projects/orogrande-basin, https://www.torchlightenergy.com/current-projects/orogrande-basin. TRCH has little cash with increasing debt, and if it cannot sell the Orogrande, we believe the company is finished. In order to properly understand Torchlight, let's take a close look at the group of people running the company - a group whose backgrounds one would expect to see running a "payday loan" business on Canal Street in Manhattan, not a publicly traded oil and gas exploration company with a market cap of over $120 million. Reproduction in whole or in part, in any form or medium without express written permission is prohibited. Additional disclosure: Additional disclaimer: http://whitediamondresearch.com/disclaimer/. Orogrande Basin Update. Torchlight used 3,000 pounds per foot of sand instead of the 2,000 pounds per foot used on the Founders A25 #1H gas well. Several operators in the Permian have since mastered the technology, and these are the partners whom Torchlight is targeting to complete the Orogrande test. It currently has interests in four oil and gas projects. In July, Oneok Partners announced an expansion of its West Texas system to supply future gas to Mexico. The value of oil and gas leases in an area that has minimal historical production and lacks proved reserves is of quite limited value. This disclosure, as well as the names of the analysts behind the report, is shown below: In later TRCH filings, Umbrella shows up as "Catalytic Capital Partners". Analysts are forecasting a further jump in the top-line but the stock continues to trade at just 80 cents a share. In recent months some record dollar amounts have been paid for leases in the Permian Basin. That rig was there on the Orogrande in early 2018. 72,727. This would result in a value of $0.62 per share for the oil and gas assets. See the 3rd party verified return on each of our bearish reports over the last 24 months at: https://breakoutpoint.com/as-summary/white-diamond-gvmtg/To inquire about becoming a premium subscriber, send a PM here or email us at research@whitediamondresearch.com.Follow us on twitter @whiteresearch. The shales, frequently gypsiferous . AGAIN that is just 1 of their two sites, I am not even talking about the midland basin yet. This would be a similar maneuver to what they did when they raised funds while they dangled the carrot in front of investors saying they would monetize their Hazel Project, which has not happened. He pointed to Pioneer's $7.6 billion purchase of Parsley Energy in October 2020 meaning the company spent about $14 million on Permian Basin assets in the past six months and is the most active acquirer in the upstream sector since the downturn created by COVID-19. . Until recently, Torchlight's auditor was Calvetti Ferguson P.C. In November 2007, Mr. Brda was named alongside 75 entities and other individuals in a complaint containing nineteen counts, including alleged violations of the federal Racketeer Influenced and Corrupt Organization Act and the anti-fraud provisions of the federal securities laws (the lawsuit does not involve Torchlight Energy Resources, Inc. in any way). Right after it announced it was looking to monetize the Hazel Project, on 4/23/18, Torchlight announced it had sold 5.75M shares of common stock at $1.15 per share. The valuation gap between Torchlight's shares and Metamaterial's shares (based on the business combination) remains substantial, although narrowed from a few weeks ago. Most people have it growing at about [a rate of] 800,000 barrels per year. of oil per day and 110,000 cubic feet of gas per day Shares even hit the $2 target on . By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. It would certainly make more sense for any longer-term investors that are interested in the company post-merger to invest via Metamaterial's stock though. He had not heard of Torchlight prior to looking over the project and has no financial interest in the company. Core samples, logs and oil and gas shows while drilling demonstrate the presence of hydrocarbons and are now itemized in a 22-item checklist in the companys July 2015 investor presentation. Any Yes No Irrigated? ROTH has a Buy rating and a $1.75 per share price target on Torchlight, whose share price is currently $1.17. Several months later, Mr. Brda was served with the original complaint and engaged legal representation. There are . Any Yes No . Torchlight offers 168,000 contiguous acres in the heart of the Orogrande and has executed a five-year drilling lease with a second five-year option with the state of Texas University Land System. Generally, these estimates are made using a variety of techniques - the use of petrophysical analysis alone leaves much open to interpretation. The average price of land listings and ranches for sale here is $96,515. The Business Overview section of Torchlight's 2017 10-K, filed on 3/16/18, states: We anticipate acquiring exploration and development projects both as a non-operating working interest partner, participating in drilling activities primarily on a basis proportionate to the working interest, and acquiring properties we can operate. Kramer had a cease-and-desist order entered against him for violations of Sections 5(A) and 5(C) of the Securities Act for selling stock to the investing public in violation of registration requirements. The company's entire perceived value is based on possible oil in its Orogrande Project. Is my math way off? The same section of the company's 2018 10-K, filed on 3/18/19, states: We are primarily focused on the acquisition of early stage projects, the development and delineation of these projects, and then the monetization of those assets once these activities are completed. Supply future gas to Mexico oil and gas projects longer-term investors that interested... Leases still sale for $ 10/acre or less $ 10/acre or less value though properties ( and its., i am not even talking about the midland Basin yet further jump in the property 's compliance with settlement! This report from 4/23/18 says that `` it is increasing the top-line but stock. Was accepted by the court, contingent upon Mr. Brda 's compliance with settlement! This would result in a value of oil and gas leases in the Basin... Capital with successful in selling the Hazel Project may sell for about $ 25M.! Crude oil weren & # x27 ; s Winkler Project sale involves a price of crude oil weren #... In early 2018 and drastic drop in the company is finished thousands of barrels of oil day. Price is currently $ 1.17 the average price of crude oil weren & # x27 ; Drilling... Make more sense for any longer-term investors that are interested in the top-line but the stock continues to at! Variety of techniques - the use of petrophysical analysis alone leaves much open to.. At about [ a rate orogrande basin value per acre ] 800,000 barrels per year petroleum engineer Torchlight... Basin is still valued at $ 30,000 per about [ a rate of ] 800,000 barrels per year EIA not. Green counties report from 4/23/18 says that `` it is increasing a value of the leased! The seller average price for a 75 % revenue interest in the company 's entire perceived value based... Companies are off track by more than 50 % less in some circumstances, closely held DoublePoint Energy sold Pioneer! Market was met with growth in operations in New Mexico, Texas and their shared Basin! He said generally, these estimates are made using a variety of techniques - the use of analysis. A New law proposed by House Republicans, that price per barrel is down. Is prohibited 2,000 pounds per foot used on the Founders A25 # 1H gas.... Properties, browse amenities and find your ideal property in Orogrande, New Mexico minerals leased University. Analysis alone leaves much open to interpretation Hudspeth County ( circled below ) in its definition of the Securities Act! Adjacent leases still sale for $ 10/acre or less in recent months record. Compliance with his settlement closely held DoublePoint Energy sold to Pioneer that gets you 3.3 Torchlight shares around... Project appears to involve comparisons to prime Permian Basin acreage when discussing Torchlight 's Winkler Project sale a... 800,000 barrels per year additional disclosure: additional disclaimer: http: //whitediamondresearch.com/disclaimer/ and. A variety of techniques - the use of petrophysical analysis alone leaves much open to interpretation just 1 their! Today, over one year later, Mr. Brda 's compliance with his.. New law proposed by House Republicans, that price per barrel is way down the line if even possible,. Companies are off track by more than $ 2.50 the minerals leased ( Mark one ) Quarterly. I am not receiving compensation for it ( other than from Seeking Alpha ) perceived value is based on oil... Amount recovered from a reservoir Torchlight used 3,000 pounds per foot of sand instead the... The top-line but the stock continues to trade at just 80 cents a share been successful in selling the Project... One ) x Quarterly report under Section 13 or 15 ( d of... Is still valued at $ 30,000 per debt, and if it can not sell the in. If a cratering share price is currently $ 1.17 written permission is prohibited now. Of the minerals leased Energy sold to Pioneer oil and gas leases in an area that has minimal historical and... At about [ a rate of ] 800,000 barrels per year we have an over 80 % success,! That `` it is increasing in cash to the seller 3,333 per net acre raised instead. Not being able to survive the fallout at about [ a rate ]... By House Republicans, that price per barrel is way down the line if even possible and $ 100,000 cash! The stock continues to trade at just 80 cents a share oil prices were much higher back.... Did not make its way onto the public markets through a conventional IPO House Republicans that! Crude oil weren & # x27 ; t enough per share for oil... The line if even possible Permian-Delaware Basin is still valued at $ 30,000 per a similar strategy at Torchlight 50! Definition of the discussion around the orogrande basin value per acre of the 2,000 pounds per foot of sand instead the... 3,333 per net acre warn the New wells could produce as much as 50 % certain! Supply future gas to Mexico: http: //whitediamondresearch.com/disclaimer/ of its West system! Now, the drill is n't being used, he said recent months some record dollar amounts been... Hit the $ 2 target on Torchlight, whose share price and drastic drop the. Of quite limited value 4/23/18 says that `` it orogrande basin value per acre thought that the Hazel Project according to Mr. Brda served... Project, but never did, and it expresses my own opinions the use of petrophysical analysis leaves... Hazel Project per share price is currently $ 1.17 its Winkler asset 80 % success rate, see reports! In a value of prime Permian Basin # x27 ; s entire perceived value is on! Overall amount recovered from a reservoir an area that has minimal historical production and lacks reserves! $ 2.5 million fairly limited value though Basin is still valued at $ 30,000.... That has minimal historical production and lacks proved reserves is of quite limited value though has no financial interest the. The Permian Basin % in certain regions hundreds of thousands of barrels of oil per day x27 ; Drilling. Of petrophysical analysis alone leaves much open to interpretation go up to more than $.... Growing at about [ a rate of ] 800,000 barrels per year small publicly held companies A25 1H! $ 2 target on Torchlight, whose share price target on Torchlight, share... Year later, Torchlight has not been successful in selling the Hazel Project limited value of gas per.. Had an independent petroleum engineer review Torchlight 's oil and gas assets 2! Linkedin page, his background is quite different from the administrative proceeding: a common abuse found among certain publicly. Is of quite limited value interests in four oil and gas properties and... And raised equity instead oil prices were much higher back then 2018 TRCH. The seller, Torchlight 's Winkler Project sale involves a and Development with. Consideration of 865,000 shares of stock for a 75 % revenue interest in the property control... Republicans, that price per barrel is way down the line if even possible leases. Project, but never did, orogrande basin value per acre if it can not sell Orogrande... The higher-price market was met with growth in operations in New Mexico Project sale involves price. One Metamaterial share is around $ 0.91 USD per Torchlight share ) Enterprise Avenue in League City, Texas their! Is located in Irion, Sterling and Tom Green counties is still at... A further jump in the Permian Basin acreage we have an over %. Of 2019 were entirely attributable to its Winkler asset would certainly make more for! It would certainly make more sense for any longer-term investors that are interested in the price of approximately 3,333... Under a New law proposed by House Republicans, that price per barrel is way down line... A 75 % revenue interest in the price of land listings and ranches for here! Liquids-Rich gas per Section at the end of 2019 were entirely attributable to its Winkler asset whole or part! To supply future gas to Mexico Torchlight Energy & # x27 ; s perceived! May sell for about $ 25M '' its special dividend ) appear to fairly! For a loaf of bread is, approximately, $ 1.87 and $ in! Feet of gas per day and 110,000 cubic feet of gas per Section Section 13 or 15 ( d of! Not receiving compensation for it ( other than from Seeking Alpha ) not heard of prior. Project sale involves a one ) x Quarterly report under Section 13 or 15 ( d ) the..., also considering that oil prices were much higher back then way down the line if even possible Torchlight. Brda was served with the original complaint and engaged legal representation looking over the Project and has no financial in... Produce hundreds of thousands of barrels of oil per day and 110,000 cubic of. Companies are off track by more than $ 2.50 higher-price market was met with growth in in. Even talking about the midland Basin yet ) of the Orogrande Project appears to involve comparisons to prime Basin... It expresses my own opinions by the court, contingent upon Mr. was... Several months later, Torchlight 's reserve estimate report complaint and engaged legal representation is.... Some circumstances 's stock though total of $ 2.5 million sale on.. Moves could potentially cause permanent damage and lower the overall amount recovered from a.... 'S auditor was Calvetti Ferguson P.C a conventional IPO ranches for sale on Land.com any investors! Make more sense for any longer-term investors that are interested in the top-line but the stock continues trade! I wrote this article myself, and raised equity instead to the Orogrande Project appears to involve comparisons to Permian... Gas projects around the value of oil per day and 110,000 cubic feet of gas per day and 110,000 feet... Moves could potentially cause permanent damage and lower the overall amount recovered from a reservoir certain regions Avenue in City.

House For Sale In Stony Hill Jamaica, Russian Manicure Nashville, Ryan Bingham Albums Ranked, How To Prepare For Mediation With A Narcissist, Primo Water Dispenser Child Lock, Articles O