massive buying to occur this arvo, page-4

thats the point MC only $8m. massive upside.
whats the point of drilling fr 10bpd?
they already have ~80bpd now out of ~8 wells. they will be drilling another 15 wells this calender year. if they hit another 10wells @10bpd that will give them 180bpd.
180 x 365days = 65,780bpy
65,780 x $70US = $4,604,600 US P/Y
minus 12% royalty = $552,552
income =$ 4,050,000 US$
all wells paid of in the first 2months.

then you have the ERM JV .25% free carry .
THEN long term ..THINK B P & RIO.

massive upside and very little downside , i think this stock is a long term buy.