All this talk about the coy being cash flow positive is nothing...

All this talk about the coy being cash flow positive is nothing short of laughing stock.

What's the payback period of each successful well, 2 years or so, not to mention the money thrown away at cutlass and management fees and oh yeah did I mention dilution coming from convertible notes.

How much does a hori cost to drill? 5-6mil roughly and how many does the coy have to drill as a minimum to keep their lease at least 2 a year so where's the cash gonna come from.