Superior Oil &Gas Company (fka SIOR)

[enthalpy]

It would be based on a PE ratio. Not sure what it is now that oil is out of favor but they can range from 5 to 30 with an average of 10-15. If SIOR did $300 million per year it would be over $10 IMO! The wells average $5 million for the first year but will decline in the output per wild cat you get 17% the first year and the remaining 83% over 8-10 years so lets say an average of 10%.

Think of the decay curve as an inverse exponential curve instead of starting off slow and making more as time goes on it starts off fast and makes less with time.