So......11 May 2019 14:38
it's already Saturday afternoon and I have mainly sorted out my 'shit' from travel time and had a chance to read again this week's RNS. Points....
'Trevor the plant man', formerly of District 8 and now Zoetic is the expert on Hemp and the Cannabis family. He clearly knows all about the plant and what it likes and the strains etc etc. He has obviously seen that the flower boost give by the H2N2 gas will directly lead to more flowers and thus more seeds. Naturally, posh organic seeds from premium strains, grown in compliant, clean, state-of-the art surroundings fetch $$$. More $$$ than 'just CBD' or 'just organic CBD'. So he has whispered into RP's shell-like that we should SELL SEEDS.
Downside? Slightly longer grow cycle to allow seeds to mature, revenue stream pushed later to seed buying time late 2019, early 2020. Costs associated with seed testing, prep and selling. BUT.... MUCH MORE CASH.
AND, you still get a plant full of CBD as before. If any of the negative types on here would like to try to rubbish this then please have a go. Good luck.
And that's just for the indoor crops. Outdoor planting is GO and they look like they have kept it tight and organised so they can do it well and in time for optimum outdoor season. All good.
East Denver. All good and as expected the decline curve has been softened and even stopped for a while as 5 of the new 6 wells have their chokes slightly opened over coming days/weeks. Oil price looks as forcast in low 60's but may improve. If it does the well managed well management strategy (couldn't resist) will benefit our revenue. New ED deals are being sought so I personally think we will be drilling again this year in partnership with True .... but we will not know until we know.
Kansas. Nitrogen sales deal being sought. I was led to believe that sales discussion had already been looked at but H2N2 fertiliser result pushed them back. I think it is highly likely that a new deal will arise in Kansas this year.
So imaging that, on top of Zoetic and the ED 'covers our costs' scenario already in place. We would not be under 20p anymore, that's for certain. Of course we will get further news on Zoetic products, distribution, website and sales through May into June and July and then the outdoor harvest. But I think the other arms of the 'HNR octopus' will come into use too.
Is that enough for you?? Happy happy days ahead. Lot's of fun for traders and smiles for LTHs as the sun rises to illuminate the dark pit of gloom we have been in for a while. No fretting here. Going to enjoy the summer (Mayfly sessions booked... whoo hoo) and watch this exciting multi-faceted story unfold. Cheers BH