Good background info re Cove Slugga, it would be fabulous to...

Good background info re Cove Slugga, it would be fabulous to think the SP would match the Cove sale price at a bit north of $4:

In August 2012, Cove was sold to PTTEP for £1.2 billion (£2.40 per share). The stock’s unparalleled return on investment (in excess of £1 billion value creation in three years) made Cove one of 2012’s most prominent public takeovers worldwide.

As our Central American friend @The Guatemalan has pointed out with 4.6B shares on offer, a market cap over $1 per share is getting up there, but should be an aspirational and eventually achieveable target with resource proved up - the Auruora example (thanks @ponyboy) provides the basis for this.

From the Auruora case study:

The Aurora sale came in at around $2.4Bn with 1P reserves of 122MBOE. If 88e can prove up say 60% of the 431MMbbl = 260MMBOE of 1P, at current PO $44.87, the 88e sale price may go close to $4.6Bn, or around $1.00ps - Happy days!

Back to the present, and given it is early days in resource estimation, and the essentially derisked wildcatting being done with IW#2 in a play this massive, my bid for the IW#2 outcome is:

Flowrate = 166 BPD
SP Spike = 22c
SP Settled = 14c

Note that this is Post #88 for me, so this crystal ball will not lie. IMO DYOR