Olive Blossom,
If you think that, you are thinking like a big dumb oil company (ie Santos).
140 bopd @ net $20 for 300 days a year is $2 800 * 300 or roughly nine hundred grand a year.
The well probably cost about $1.8m to drill and complete ; thus, payoff in two years.
Six hundred grand of the annual revenue goes to Stuart.
With 60 million shares, this is one cent per share of earnings.
Remember, we're talking a small company here.
As well, Hyperno hitting has significant implications for the prospectivity of the eastern half of PEL113.
While the extra $600K a year is important, that is the more important factor.
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