Lets not forget a couple of key things here......
IF.... we can produce 250bopd out of this well which is pretty conservative, then thats around $7.7M a year revenue out of this well alone. ($3.85M to the bottom line). Very rough numbers, but once they have a sale set up, then they are now classed as a producer as well as an explorer.
Sure, I agree it's been a long time coming, and a lot of us are frustrated, but any junior resource stock is high risk. I have other junior O&G stocks and to date, this one is the most promising long term.
I'm still in for the ride and still have confidence....
All in my opinion....DYOR....
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