We are launching coverage of CircleStar Energy, Inc. with a Strong Buy-Speculative Rating at a $7.50 DCF Valuation on 45MM shares (fully diluted) @3,000 BOE daily production by end of 2014 @$75 net revenue per barrel. In the last 45...
CRCL NBT Initial Report
Circle Star Energy Corp (CRCL)
In a recent update announcement by Circle Star, the Lynd 36-1 is pumping out 10 barrels of oil per day. Initial daily rates were 20 – 25 barrels, as the norm when pumping oil at start. Now with a steady stream of 10 Barrels a Day, we can start looking at the long term picture for this well…let’s not forget they have another drill that is producing a steady stream as well.
CEO Jeff Johnson stated, "Getting our first operated well on line and producing in Kansas is indeed a milestone for Circle Star Energy and its shareholders. Management is encouraged with the initial drilling results and we look forward to further developing our Kansas assets."
Read more about this latest announcement here.
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Founder and Editor-in-Chief for NBTEquitiesResearch.com. Contributor and Anchor for the Fox News Channel and Fox Business Network 2000-2013. Chairman & CEO of NBT Group, Inc., a boutique private capital investment bank and investor relations organization.
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