Its interesting to think about the MAY economics going forward.
Let's assume 3000 barrels per day initially from AL2, USD75 per bbl, USD15 production cost.
MAY share of production roughly 1000 bbls / day so USD $60k per day, $420k per week, $20m in the first year.
Money used for 3 horizontal wells into 1B compartment so after 1 year, 11,000 bbls per day MAY share of production plus any production from the A3 drill.
My guess is that MAY share of production 1 year from now could be in the range of $4 to $7m USD per week (and climbing).
Likelihood of share price being under 10c still?
Not so much.
DYOR.
Ann: Alameda-2 - Successful Flow Test of Lighter Oil to Surface, page-274
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