With the estimated 360boepd and increasing, that works out to almost $500,000 NET revenue per month. Based on 75% NRI, the price of OIL, and associated production costs.
Surely this would be re-rated soon enough, but in saying that, I guess LIND have to make there money on the way up :-(, so slowly but surely.
Acreage, was it not a drill every 120 days for the CDC clause... not sure...
But with cash from revenue, and LIND, i believe wells #7 and #8 should start in next few months.... and maybe another note for hori.
I truly believe we are on our way to 1000boepd, albeit with heavier dilution than expected... which puts a cap on the SP. But @ 0.001/2 it is a steal i reckon.
A JV could come out of the blue, expect the unexpected with this company, good and bad that is... :-)
GGP Price at posting:
2.5¢ Sentiment: None Disclosure: Not Held
