17c & 15c on $4/bbl and 40c/mcf with all options included. I prefer to be slightly conservative. It could easily got over that with the right conditions but I don't pretend to predict, that's all at the whims of the market. I like to look at what has happened and apply that math to say what is possible. That siad, that's like 3056.86% on the oppies at .5c or 3821.07% at .4c. IMHO that's a pretty rare payout. (Though I just did literally that with MAYO from .4c to 15c. so... twice this year?????)
Stockle Deep Dive on Sasanof-1, page-6
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