Oil news, page-10

LLS oil price is sitting just below $80 US pb.

The highest price there has been in many years.

FDM does not seem to swing much with the PoO however we may soon.

I agree that this is some serious infrastructure and will support the other 6-10 wells they can place on this pad - I would expect that these will be drilled much later when the production curve ofthese 4 drop.

I for be don’t believe these 4 wells are built into the SP. at 75% liquids, and 25% royalty at current prices these wells will contribute over $50M usd p.a. Assuming 1000boed net of royalties.

I for one would value the company a lot higher than $260M given those numbers. Considering we are told that this should unlock a solid line of credit (no more CR)