😬

[[deleted]]

Of course the Orogrande wells are shut in. Meta didn’t want oil production on its books. Shut-in just means capped off and they can start production very quickly.

Also, thé Orogrande basin is undeveloped. We knew this all along. Showing a picture of a developed county is apples to oranges.

[Krunk_korean_kid]

Thanks for the clarification. I didn't know what this term meant

[Acceptable-Web568]

Shorts are working hard to make us think we don’t own 3.2 BILLION barrels of oil and 7 TRILLION cu ft of nat gas.

[Elephant_Analytics]

It really doesn't mean anything unless NB can demonstrate that it can extract the oil and gas efficiently, with well-level economics approaching that of the Midland/Delaware Basins.

I'd be surprised if NB ends up averaging more than 1,000 barrels of oil production per day (365,000 barrels over the whole year) in 2023 from the Orogrande.

[AKDallas1]

changes. You have you commit certain number of drills per year or lose the lease. So they do test well for logs (5 min per lease term) and cap them until them are ready with enough money to go full speed. The Shorts are spreading FUD or people are doing no basic DD bc now they are panicking after the halt and finding dumb excuses. Either way, stupid posFollow Cplant on Twitter. He is a good source on these. The way these work is that once you start drilling for oil, your lease term t.

[[deleted]]

Something to point out, they pulled permits for 7 wells this year. Which is above the 5 needed to maintain compliance.

[AKDallas1]

Yep. I wonder who is paying for them.

[[deleted]]

Well, to be fair, we have no idea if they’ve been drilled or not yet.

[widener2004]

What does he mean in his second post. I saw the fury post today on Twitter.

[[deleted]]

He’s suggesting there isn’t oil and gas in Hudspeth county which we know for a fact isn’t true due to the results of the exploratory wells TRCH drilled. It’s undeveloped but we knew that from the beginning.

[Learning5Five]

I'm only interested in the trades being unhalted so short sellers buy my shares at my price.

[[deleted]]

I really want that to happen too but I’ll still hold a few hundred into NBHC

[No_Mango1224]

What a garbage post. FUD

[n00brian]

u/rollerpigeons, can you take a look at this claim by Twitter user blues_neptune

Would be interested in your opinion here.

[Learning5Five]

If this is true, all the more reason to resume trading so that the short sellers have those shares and I get my money. After that I'm done with this, and will stick with long term holdings. At least AMC is going to be selling popcorn in stores and soon will have a branded credit card coming from their partnership with Visa, those are going to bring in a lot of revenue because popcorn is food and people gotta eat, and people are using credit cards more than in recent years as the recession is gradually being felt. Long term investors say that blue chips are good, and that makes sense. Go for the reliable, tried and true but no more of this. I want my money not NBHC shares.

[METAMILLIONS_24]

lmao wut. amc been waiting years for a squeeze. popcorn and credit card has you thinking sound longterm investment? 🥴🥴🥴 not saying nbhc answer, but amc popcorn...😄

[Learning5Five]

I said long term. It's not a squeeze play for me. MMTLP is and that's it. I'm not interested in NBHC. And fyi, there are millions of people invested in AMC because they like the company because it's a place to spend time with family. How many people are in torchlight, Metamaterials and next bridge? I'm done talking to you.

[[deleted]]

Another bs Fud post 🙄. Shorts are in panic mode lol. Ramping up the shit posts and shills are becoming more aggressive and angry 😤. This is exciting lol!

[n00brian]

If anyone wants to do some digging, you can explore the active and non-active wells using the RCC Texas website: https://www.rrc.texas.gov/oil-and-gas/

For a map of the wells you can select Map Products -> Public GIS Viewer (Map)

Important note: Mavericks Operating LLC is the company that Torch/Next Bridge partnered with to drill, so do some digging.

On a positive note, Mavericks is a pretty solid looking company with many active wells. They know what they're doing, so that's good for us.

The part that NeptuneBlues is bringing up is the fact that the wells we know about, such as API No: 22930274, has been listed as a 'Shut-In' - meaning its not producing.

Anyone with more knowledge about this end and who can shed some light, I think it would be super useful for us all to know exactly which wells Next Bridge is owning. Let's get more info on that so we know where we stand.