I might add
550 000 recoverable barrels makes the cheaper verticals, at $1.5m to drill, very profitable.
Multiplied by 24 prospects, a share price of 50c sounds fair to me.
What do you reckon cmmonausie, VH, acreage, SUD's, etc?
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- And to think we had no debt + $70m in bank
I might add 550 000 recoverable barrels makes the cheaper...
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