Not long ago after BUR announced 5MMCFD the sp rose up to around 40c, now on our 3rd well we get around 10MMCFD and the sp rises a whole cent to 16.5c
This for a company with a MC of 15M, should be making close to 30K revenue daily, plenty more drilling to come.
Sure the first well had a disappointing drop off rate of flows, and the 2nd and 3rd wells didnt get through the full lateral.... but still.
I dont get it !! :(
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