Happy spud day!, page-80

SHE is now 1.6c with a market cap of 10.95 million, so probably trading at near liquid asset value after spending 2.8 million on Certus well and ignoring current income generating assets.
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SHE CEO said their Dividend criteria for dividends were at production rate of 2000BOE/day which they expect to achieve in 2 to 3 years time, the recent drop in price from 1.8 to 1.6 cents means that fair value at dividend date would imply she might now be a 18 multi-bagger instead of 16
multi-bagger .
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The spread sheet above agrees they will reach their dividend target criteria in 2.5 years.
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But if SHE put the peddle down and finds, negotiates,drills a new well every 1 to 2 months they could reach their BOE target in under 18 months without going into the red. Would mean they would need to need almost full time drill teams, and be able to identify and validate well every 6 weeks as well as negotiate NWI in them.. they could do this if they overlapped negotiations and well development.
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In one of David answers he indicated that they examine a number of site already, and filter out those that do not meet certain criteria,
the remainder he ranked via various metrics. So David has already explored several wells that met minimum requirements,
Hopefully he will carry on investigating opportunities.
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It would be good if he put the pedal down and deliver reach the target of 2000 BOE/day in under 18 months.
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Only around 8 days before finished drilling 24/08/2023.

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