So what are we talking about here. 3.5% of 5 wells doing 70 BOE / day for SOG right now?
At $85 barrels a day that's $1,000 day? Not sure how much north of 3 cents a share that is. I imagine Dan Jr. would be pocketing at least 1/2 of that himself. Not sure the market would be really be that excited buying shares into that.
I don't know, I'm keeping my expectations low, lol... Now that we have an idea of what it is... Even if they get to 75 wells, SOG only has 3.5% of that under the current model, 2.625 wells. I'd rather buy shares in SE or Wildcat Diller if I could, lol...
All purely JMHO which might not be worth to much, lol...
But if you had $15,000, or whatever it is to buy in a well, that actually sounds pretty good.