Based on today's oil price and the estimates of gross per barrel profit, and 1000 barrels per day, how much does that put into JPR bank each year? If US$25 pper barrel is an appropriate figure then that is about US$9125000 per year coming in the door.
Add 2 more well for the year and you are double that.
So for this year, if these figures are close, then would expect the company to gain US$24 mill from opption conversion plus say US$7 mill to December from oil sales. Probably more as they bring well 3 online? OK I'll duck now as the insults and vitriol comes in :)
Based on today's oil price and the estimates of gross per barrel...
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