re: Ann: Rosewood Plantation 21H No.1 Drillin... 1000 bopd = 100mil MC imo 5 bagger from here.
500 bopd = 50mil MC imo 2.5 bagger from here
Current MC is only $20 mil, would have to be a duster to go down from here!!!
Cant tell me your seriously expecting a duster.
Personally expecting something between 500 to 3000 bopd, it would have to be one almighty cock up to drill a duster.
This is development drilling not exploration drilling, still plenty of risk but they will not drill a duster its only the quantum of production that remains to be seen.
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