Just for fun. anyone want to guest the takeover price if eventuate?
Mississippi - 85 BOPD
Kentuky - 35-40 BOPD
Colorado - wildcard
Texas - wildcard (with 5 wells, min 900 bopd each wells, 5*270 = 1350 BOPD)
debt funding - 40 M
current cash - 3 M
reserve upgrade - wildcard
I'm putting 3.5-4 cents range.