akkob tribute thread, page-30

Also I was just thinking, if each horizontal in the Eagle Ford has an NPV of $7m then the whole Eagle Ford play would only be worth around $224m.

I say only, because our market cap fully diluted must be somewhere around $60m by now which is already a quarter of that $224m.

And of course, that's if all goes to plan.

Add in the Niobrara wells though and you could probably double that to half a billion dollars, then PEL 105 plus whatever else they acquire. THEN it starts looking like it could be a real multibagger stock.

Also would the $7m NPV be pretty conservative? I reckon it's probably going to be worth closer to double that or around $15m per well moving forward which would change everything.