do the numbers stack up? check it out...

1,651,486,484 Fully Diluted
$12,428,227 Debt
Current flow rate for Gene #1-22H - 1,112 boepd
Equates to circa $ 88,960.00 p/d @ $80 per boe
Less 56% on Hotelling Valuation Principle
= $ 39,160.00 Gross Profit P/d
= $11,982.00 SSN share @ 30.6%
= $4,300,000 per annum
= 0.0156c per share @ 6x p/e ratio

Current share price = 0.036c

So then, on the above formula flow rates need to be < 2,557 boepd

And then, if the other two thirds flow at same rate that is total flow of 3336 boepd which = 0.046c per share.

Current price 0.036c
Target price on current flow and expected flow 0.046c
Not taking into account the debt.

Will be very interest to hear comments on the above and to see if I am missing something here. I am looking at entering but not convinced the numbers stack up from a risk reward perspective for the short term.