rc unveils big plans for junior, page-9

$10m per annum doesn't sound like that much for a fully diluted circa $60m market cap company. I suppose, it is NET profit which covers cost and tax they'd probably turn over about $20m plus per annum by then which sounds better.

Hopefully that's just the start. I assume the 500 bopd includes all decline rates etc so might take more than one horizontal to get this.

I know, I have high expectations, but that's why my money is in Austin, not any other oil explorer.