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You won’t find this setup often - or possibly ever: A small-cap explorer sitting on a massive Permian basin that has potential for a major onshore conventional oil discovery.
And the drill bit just hit the ground in a three-well campaign…
Because it’s a small-cap sitting on such a huge basin (8.5 million acres), its stocks are already soaring in anticipation of the first results, which are soon to be released.
Drilling started just over a week ago, and already the stock is supercharged, gaining over 100% since January 1st.
Onshore, there is almost no oil or gas regions left unexplored on land, except in Africa, which remains underexplored.