FEATURE Stock: BROE.OB
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PublicWire.com: Baron Energy (BROE.OB)
(PublicWire.com News Release) Baron Energy Inc. (OTCBB:BROE) (”Baron” or the “Company”), an independent oil and gas company, announced that oil production from its lease in Borden County, Texas has increased 50% since April of this year.
Management Comments
Ronnie L. Steinocher, CEO, commented, “Production from our Johnson Lease in Borden County has increased 50% over the past 3 months, from 24 BOPD (barrels of oil per day) to 36 BOPD, and continues to step up. This boost in production appears to be from an adjacent waterflood program which is beginning to impact producing wells on our lease.”
Mr. Steinocher also noted, “These wells are long-lived Spraberry Formation producers that often have significant positive response to waterflood conditions. We have now recorded 3 consecutive months of oil production increases on this lease. Along with this oil production increase we are also seeing an increase in associated gas production of around 40%; averaging 20 MCFPD during the past 3 months.”
Baron owns a non-operated 27.25% working interest (20.4375% net royalty interest) in this lease. The property includes two producing wells and 160 acres.
BROE.OB, BROE.OTCBB, OTCBB:BROE, BROE
PublicWire.com’s Opinion On BROE
PublicWire.com feels that this penny stock is a hot stock pick that is currently undervalued. With recent OTCBB news about BROE on the Bill Chippas Financial Show, and the release of information about their oil well in Texas, we’re confident that still is a hot energy stock that will continue to be on the rise for quite some time.
BROE.OB is classified at a Hot Penny Stock, and has made our list of the Top 10 Hottest Stocks.
Forward Looking Statements
Certain statements in this press release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as “anticipate, “believe,” “expect,” “future,” “may,” “will,” “would,” “should,” “plan,” “projected,” “potential,” “intend,” and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the “company to be materially different from those expressed or implied by such forward-looking statements.
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How We Select Stocks
· Growth Potential = 30%
· Management = 30%
· Company Sector = 25%
· Recent News = 15%
· Management = 30%
· Company Sector = 25%
· Recent News = 15%