12 new wells by the end of June. That should create somewhere around 14000 to 16000 bopm or somewhere around $1 million per month gross revenue. There is no way this stays at even close to this share price.
However!!!! To bring in 12 new wells and put them on line, (as best I can figure without actual cost and just estimates that vary) there has to be somewhere around One Million Five Hundred Thousand expended (hopefully including the additional 1500 acres of leases available). It is obvious to me that any and all revenues that are received from production over the next 8 months are better spent on growth than on ANYTHING ELSE.
All post are welcome by me and I am getting an education that will be valuable if I should ever again venture into a "Pink" stock.