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Author Topic: EGYF...New major O & G play..Chart Up Strong!
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Incredible potential gain here. Up $.86 on Fridays close @ 3.67 [Eek!] .
Company is less than one month old. Excellent management team...I have verified all the credentials of the company main Geologist...All is checking out positive so far!
Huge reserves in the first acquisition territory of 14,000. Acres. Latest PR stated 25 MBLS of Oil per 640 acre section...We will have 21 of these sections!! All calcs' used a conservative 12.5% recovery rate!
ONLY 15 Mil shares O/S!
10 Mil of which is RESTRICTED
5 Mil public float!...I verified all of this with the company directly.
Various JV O & G co's will participate for % of operating interests.
EGYF will locate reserve site, perform all geological studies, evaluate potential reserves and then JV with O & G co's to 'work the field' with there own resources...EGYF then retains a major operating interest form each of the Operating JV agreements working on there site.
Strong beginning Chart!
Excellent management
Low O/S, float
Great business model
Awesome first acquisition site! [Wink]

Chart below...
http://stockcharts.com/def/servlet/SC.web?c=EGYF,uu[m,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G

Company Website below...
http://www.energyfindersinc.com/management.html

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