Well - this sort of production (if demonstrated to be able to be...

Well - this sort of production (if demonstrated to be able to be maintained with some degree of consistency) would certainly open the door for debt funding and perhaps reduce risk of CR in the immediate future.

Given the lack of clarity around royalties, production costs etc if we assume an oil price of $80 per barrel and then discount this by 40% to accommodate royalty / production costs and use $48 per barrel profit and extrapolate it out at 500 barrels per day (I understand it is not oil solely but oil / gas) we arrive at an annual number of around $8.7m per annum. This would be a relatively conservative estimate given (a) the 40% discount and (b) the likelihood of production increase in Colorado & Eagle Ford. Reasonable place to be and probably augers well for an appreciation in the price given market cap of circa $30m.

Still need to nail down Pathfinder though.