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Re: Sckorpleo post# 5073

Wednesday, 09/17/2014 4:45:48 PM

Wednesday, September 17, 2014 4:45:48 PM

Post# of 25806
If they just hit in the one area that they gave a P90 with 25 to 30 mill in recoverable oil at the prices they get of 110 to 115 per barrel thats like 3 billion dollars. Henc has basically no debt and 11 mill out. Thats only a very mall piece of there 1.2 million acres, They have 40 targets on 112 on the 27k acres they did seismic on. They could drill forever. The people below them just hit 23 of 25 wells right below 444 Do the math people price in future possibilities also