re: Ann: Development Drilling Continues at Sn... This has a market cap of $55mill.
Mr market:
What is 1000Boe/d multiplied by $80 (conservative POO), multiplied by 365 (days of year).
Yes that's right, nearly $30mill per annum.
now take another look at the $55mill market cap.
Less drilling expenses (which are pretty freakin light for this companies wells btw!) and different predictions of what the POO will be (probably well up from $80 actually)
Just a simple calc for simple folks
re: Ann: Development Drilling Continues at Sn... This has a...
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