Thats just for what they have got out while fracturing the wells. No well is in full production at the moment.
Valuations for SEA are upwards of $1.
I had a look at BCC and I agree it looks like a nice little company. SEA is similar in that it has oil and gas interests but due to the oil price are concentrating on the oil for now.
Their cash flow will far exceed BCC's by the end of this year. Their 100% wells could earn them cash flows of circa 50mill a year PER WELL if the flow rates getting achieved next door to them are the same.
This is a no brainer.
SEA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
