mm the number of shares will rise as these projects need substantial amounts of capital as to how much anyone's guess. It really depends on how aggresive the drilling program is compared to admin costs, how well the project is perceived. You could easily see a doubling in the number of shares on issue if it went well. That would bring it back to 85 cents on your estimate and that is after how many years?
Thanks Dis that is one fantastic database. I found the Calyx Energy wells in the middle of Payne county so it would seem that the permits are in Payne. That is a little bit removed from Serenity 1-3H and Eagle Energy which are both in Woods/Alfalfa.
cheers Icharus
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