some quick math.
7 rigs = 2.5m
2.5m x 12 months = 30m . 6 months would hopefully be 15m.
don't know what the mob and demob costs are, could be a bit extra. I can't find it but I believe I read somewhere they are doing some monitoring of the wells as well, not just drilling . can you confirm ?
anyway exciting times. small cap company that is making money and expanding . what's not to like.
Flying Under The Radar, page-16
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45.5¢ |
Change
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Mkt cap ! $235.4M | |||
| Open | High | Low | Value | Volume |
| 48.0¢ | 48.5¢ | 45.0¢ | $703.2K | 1.509M |
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| No. | Vol. | Price($) |
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| 1 | 12272 | 45.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
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