Ann: Quarterly Activity and Cashflow Report, page-26

An alternative scenario is opening a well once a year with a profit/cost profile similar to the Caroline well for the next few years.
Running this through the number grinder gives a target date for dividends payment at seasoned production of 2000 /bopd.
Once dividends are paid then P/E ration should kick in.

Depending on share price over next few years, keeping the fixed cost low and multiple wells opened then purchasing the company outright might make sense.

noticed David Deloub is requesting questions for his hub, now might be a good time for others to get their questions answered.