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maybe_this_time

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maybe_this_time

Re: mjoil post# 14389

Saturday, 04/05/2014 9:04:40 PM

Saturday, April 05, 2014 9:04:40 PM

Post# of 17809
Summers end it looks like... Need to see what kind of share structure they come out with. Also need to see what they actually get out their actual participation. Devons keeps some. Gushers get some. Maybe Superior gets 10% in their part of it?

But if I read correctly, currently doing 600 barrels a day with 4 wells. At $90 a barrel, that's $54,000 a day. Maybe Superior gets $5,400 a day? $1.5 million a year on 4 wells? 100 wells in all potentially, they do 35+ million a year. 10x is a $350 million Co? Divided by 350 million assumed shares, $1 a share?

No, that can't be true...
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