Great news indeed, I wasn't expecting them to get to this production level so soon. I believe they now have an outside shot at ending the year over 5,000 boepd and should be able to get to 4,500 boepd without too much problem.
The PR didn't mention where they were in their drilling program, which makes me wonder if they laid down their rig for some reason. Hopefully they haven't.
Now we just have to sit back and wait to see how the Tom & Andy show does --- I'm hearing they are about to embark on a multi-week multi-city non-deal road show. Also I believe we should be getting some new analyst coverage at some point in the next few months -- the story is just too compelling for them to ignore at this point.
I get around $15M of EBITDA per quarter based on a 4,000 boed run rate (taking into account that a large amount of the recent production adds are gas not oil). This means they are trading at an Enterprise Value of only around 4 x annualized EBITDA, a rediculously low multiple given their growth prospects.
Raising this up to a Strong Buy now.