Stuverine .... congratulations to your grandfather. It must be a great honour.
Dreaming ? No I prefer to call it "hoping".........you know that thing where if things fall into place then it will come through as reality.
Now back in an earlier post this evening I have given a very rough estimate of what this J #2 well could be worth IF certain things kick into place. I acknowledge that given the run of luck this company has had up till now it certainly is a big IF.
Now IF they could get production at a strong rate from three different layers in J #2 then it is possible to suggest that this one well could produce cashflow of say approximately US$1 million p.a. for QPN's 5%.
IF J #2 is that successful then we still have Acosta #1 to decide what the best option is to complete production from that well.
Then there will be another well at least drilled into this Bullseye structure. That has been said a number of times in the past.
J #2 certainly is very vital at the moment and could tip the scales in favour of the share being re-rated.
Real success at Bullseye could then see California getting a shake up (and not just from local seismic events). Sure it is not going to happen overnight but it could happen.
Don't be so prepared to write off your grandfather's political aspirations and give QPN a fair suck of the sav.
QPN Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held