With the latest production report, i have calculated NET revenue to be @ an estimated $250,000 per month.
This does not include SRH#5 and 6
Once these 2 wells come on line, revenue should go up 3 fold, or more realistically around $600,000 pm
By that stage, JV's would become more attractive, as well as take overs.....
I wonder what that would do to the stock price....
BTW, did anyone notice the 20,000,000 ($60K) buy on Friday, that rang alarm bells here..
good luck to all
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