Yep, lets say 3 wells per shelf by three shelves....work it out...........comes to 0.7c per share, with no allowance for the capital cost of setting up the infrastructure and reticulation (in a diificult environment) required to generate any sales at all, plus the ongoing overheads.
Add in the cash raising required to finance the future expenditure required, and suddenly the divisor is no longer 22.6 billion shares......
Good luck!
Ann: Hickory-1 Upper SFS Zone Flows Light Oil, page-112
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