RRS 0.00% 0.1¢ range resources limited

Did i read the announcement wrong. The way I read it the flow...

  1. 837 Posts.
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    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
 
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