in 2020, at the reported 350MM cubic feet per day = ~ 60,000 BOE...

in 2020, at the reported 350MM cubic feet per day = ~ 60,000 BOE PER DAY! thats ~20million barrels of oil production equivalent per year.

using BPT (former shareholder) as a guide, it produced < 10mill barrels of oil a few years ago and had mkt cap of ~$1.2bn...(they had no debt thou). But this was when POO was at USD$35 per barrel, its now over $60...we also have significantly less cost of production and higher margin....

that implies our mkt cap should be in the range of $2-2.4bn if we owned 100%, but we dont. So even at 40%, thats still $1bn if we had the same profile as BPT (we dont - our margins are better)...by 2020....since we are only ~$350M now, implies at least a 3 fold share price increase (ex debt) in 2yrs.

17c to 50c party in 2020. A lazy 300% ROE minimum ...

simplistic yes, but good enough for me...just need to ensure we hit those output rates..