Successful horizontal equals let's say ~600 boped x ~USD100 x 7 days x 52 weeks x 75% equals USD16.4MM. Should finance another two, so revenues will increase a further ~USD30MM revenues net of royalties, and so on. 3 Horizontals now producing, drill a couple more, renenues net of royalties >50MM easy. Market cap will follow. Need first well for the snowball to gather momentum, then the last year will be a distant memory. Just need first hori to be good!
GGP Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
