I can guarantee you that the "big boys" are looking for at least $2-$3! me? I'm hoping for $4!
Think about the price of oil for a moment - it's $90 a barrel - minus opex costs - Gives $70 a barrel (all in VERY approximate round about numbers).
Multiply that out by 50m barrels (& that's from 1 well!!) Then equate that to how many shares there are.
What's that do to the share price?
Whether or not you can hang & are brave enough for the ride on is the bigger question?
I can guarantee you that the "big boys" are looking for at least...
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