I am Very confident. And will remain so unless and until they drill several consecutive Dry holes which I find very unlikely. A few years ago, Brigham Exploration (BEXP) had less shares out, but the same market cap as HENC. Around that time they drilled their first 1000 bpod discovery well in the Williston basin. Unlike HENC around that time they had to do a massive 60 million share offering around $2.5 to stay alive. Since then, they have drilled quite a few more in that field, but nothing resembling the 5000 bopd potential of the Cooper basin. Today they have a $3.3 billion Market cap down from a $4.5 billion cap a few months ago. HENC's current cap is around $27 million.
The similarity is that oil is pretty much oil wherever you find it. The only major difference is that the average cost of a well in Cooper is around $2 million completed. Where BEXP is drilling the average cost of a well through completion is over $12 million. So, yes, just like Management who have bought millions of shares of HENC stock without ever selling or taking any salary, I am very confident that the upside here could be incredible.
Market Data 
Markets 
AI
