188 bs x $90 = $16920/day x30 = $507,600/ mth less royalties etc to come out of it.
Still better than kick in the backside, so would need about 4-5 mths or so to recover enough cash for another vert it seems and another well needs to be drilled every 3 mths. So would with the other wells is there enough to do another well under the CDP without raising more cash.?????
GGP Price at posting:
5.0¢ Sentiment: None Disclosure: Held