when the dust settles in trinidad

I reckon 20 BPD is going to get increased to 30+ BPD with more efficient pump/s. If all the wells are going to yield something like this and they get a good strike rate (seems like its hard to miss in Trinidad where they are)then hitting the 1500 BPD target looks very do-able IMHO. We should not forget one or two wells this year are going into the Herrera Formation and a strike there should yield 200 BPD (confirm punters as I can't find my info on the Herrera anymore). But hey if they hit in the Herrera they could be looking at net $15 million for next year plus...they will drill another 30 or 40 wells punching through to 3000+ BPD by end of 2012. At that stage they are looking at net cash of $30 million p.a. and they drill another motza of wells and the Herrera may be paying big. Don't forget they are looking at 10,000 BPD in a couple more years or a bit more...that folks is $200 million p.a. in 2014. So the cash is rolling in and we haven't even mentioned Georgia...they are 1,500+ metres down and going great guns. The drill crew look like they are going for all they are worth and with big discovery bonuses at stake why not? It is a country maker if you like and the boys look like they know it...go boys go! So Trinidad get only 20bpd and the second well we know about in a week or two plus looking for another 10 or 20 BPD from well #1. The other holes will start happening really quickly...19 more wells in 15 weeks or so...news and BPD tally is going to increase big tiome. C'mon...the little oiler Range Resources has hit oil with its first ever (wholly owned)well...I would like to own that well its going to yield $400k p.a.! Now there is going to be another 100 more in the next few years.
But Georgia is happening while we watch...we are only talking two or three weeks more (without incident)and who knows what they are going to hit but they are an 80% chance of hitting something gas and/or oil.
I am in for another swag tomorrow as these are too cheap...30 to 40 bagger IMHO in 2 to 3 years, Stay Frosty and laugh if you lose...but celebrate hard if you win as its a rare thing that a speccy like Range is finally showing that those in charge are committed and applying what they have learned...feeling good. The danger lies in messed up economies thwarting our plans ...surely the floor is in under the Range SP now with oil on its way in the next 12 to 24 months to $150...doubling the current return and that wasn't taken into account in the prior estimations. Confident not ramping...The little oiler is growing up!