Gotta agree with these sentiments.
If they are trucking out oil at the rate of 350 bopd then they are grossing about $1m per month. This is tremendous cash flow at this very early stage.
With the 3d seismic they have and the experience gained in drilling to date, you have to reckon that there is a lot more in the tank. When they hit their initial 700 bopd then gross cash flow could be knocking on $2m per month.
So just when do we stop calling this speculative? ..... serious question I'm wondering about.
Gotta agree with these sentiments.If they are trucking out oil...
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