At 1000 bopd and at a consevative price of $80 per barrel PYM will be earning $29m per year which gives a PE of >1! Can't really argue with those numbers! Becomes evn more compelling when you factor in they are currently looking at circa 30 wells on their TB acreage which will be self funded from current earnings!
Ann: Deshotels 13H Flow Test , page-11
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