whether they get taken over isn't the issue.
It's WHEN will they get taken over.
I hope they have drilled and are producing from 400+ wells before it happens.
You mentioned it would take 166 producing wells at 300Mcfd to reach the 50MMcfd comparison.
Well thats only about 28% of the potential of EOK and thats the scary thing.
By June 30 we should have 10 wells capable of producing 300Mcfd, which equates to 3MMcfd
Based on comparisons of US$35 and US$41 for a T/O
we get US$105 and US$123 or 140m to 164m market cap AUD
Divide that by 107m shares and you get a share price of $1.31 and $1.53
Current price 55.5c
Footsie, RFE will be profitable before 2 years and in 2 years the share price should be in multiple dollars.
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