Did i read the announcement wrong. The way I read it the flow rates are from one pay zone in one well, two more pay zones in FP 1 to tap into soon and second and third wells to be drilled. From one well with three pay zones at 200bbls/day/payzone 1 billion fully diluteds oil at $80 bucks (they've already paid the money to drill and hook up to the line so costs for this one are now minimal)Range 25% holding 15 P/E ratio I came up with USD$0.0718 share. for this well I haven't included the gas so surely I'm under and not over Not a ramp, just sussin the math, and reading skills!! Does anyone else concur
RRS Price at posting:
5.3¢ Sentiment: Buy Disclosure: Held
