You are right...Longville s a real winner. By my calculations, the four successful wells will produce around $9mUS annual gross revenue for AMU...if costs are at their average, that's net revenue of say $6.3mUS, or around $8.8A. That is a very significant boost for a company with a market cap of only $70m. In fact, it makes the current market cap look a bit ridiculous. I believe they are drilling one more well at Longville aren't they?? They certanly must be very pleased with this project.
You are right...Longville s a real winner. By my calculations,...
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