u/Conscious_Trifle1235

When asked if future production would be hedged all board members said no no no no. No hedging and no plans to hedge. No plans for dilution, any new acquisition would be funded through debt or other means. CEO forecasts $10 per share, when? Sooner than expected if oil prices stay elevated throughout.

At least 1500 BOPD net by the end of the year purely unhedged and will continue to be unhedged. Will fully take advantage of the elevated oil prices today and in the future. It could be more than 1500 BOPD net as it’s only an estimate.

Starting May, there will be continuous updates every month, meaning catalysts after catalyst throughout the year. All the while the oil prices continue to rise seeing north of $100 as of today. The real impact of the war has not yet fully reflected the oil prices you see on the market today. There are as of April 29, 2026, approximately 2,000 ships, including oil and gas tankers, that remain stranded in the Persian Gulf.

Confirmed upcoming updates on the wells:

May-vertical wells results

June-horizontal wells drilling

Early to mid July-horizontal wells results