hi blastoff, with ALL due respect, I think you should think twice before making baseless comments on my integrity and allegations of ramping.
My comments
1. Strike is a producer.
--> Strike is a high margin producer that generated 14.4million in revenue this year, 7.6 million EBITDA.
2. Upside from the well is 45 cents to the strike SP.
Strike's currently has 15.32 BCF in reserves. A hit at Steindorf-1 could potentially produce 600BCF + 5million in condensate, for 30% net working interest, scale this to 200BCF and 1.6+ million barrels to Strike.
So do the math genius re: the potential impact on the SP. If you look back at previous announcements, the upside from the Deerslayer program has been well documented and also reiterated by posters other than myself.
3. Downside risk is ~4-5 cents from here.
Current SP is 18 cents for MC ~60million. At 13-14 cents, MC would be only 45 million. Is this not a reasonable MC for a company with revenues of 14.4 million so far this year (to October), with multiple producers, a bankable resource and multiple exploration prospects?
4. Probability of success >50%
Strikes hit rate is 1 for 2 as per their prior announcements. Does it not stand to reason a well that has been drilled, with positive gas shows and a decision to run production casing has a better chance of reaching commerciality than beforehand.
I do not control the SP, but I can see the value here, as can others. I am happy to defend my comments in public at anytime, don't call out someone a ramper without a case.
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