Signature E&P Estimates Prospective O&G Revenues
Signature announced an update on its estimated revenues per share based on two of its near-term oil and gas prospects, Koliba and Kenedy, both located in Texas.
"A recent valuation of our Kenedy and Koliba oil and gas prospects has confirmed our tremendous growth potential. Together, these reserves were valued at $27 million, or $3.87 in revenue per share. Relative to our current stock price, we believe our Company is extremely undervalued," said Steven Weldon, Chairman and CEO of Signature Exploration and Production Corp.
Weldon concluded, "As we begin generating revenues and positive cash flows, we expect our market capitalization can significantly increase to better reflect the value of our Koliba, Kenedy prospects, and other leases presently under agreement."