My profitability projection for ARN over the next 12 months:
30 wells @ 2BOPD minimum and $200k/mo = $1,000,000 a yr to AERN! If you extrapolate the next 60 wells added to the 15 wells AERN has operating and working (6+9) and add the 30 + 60 = over 100 wells by year end woking. This is over 200 BOPD and 6000BOPM which comes to 72000 annually @ $100+/bbl (NOT $150/bbl++ I know will be the price by yr-end)…= $8,000,000 @ 50% = $4,000,000 yr to AERN; plus the $2,000,000 UMO sale revenues = $6 MILLION in EBITDA (AERN has literally no O/H)
$6mm X 20 multiple =
$120 MILLION evaluation!
Divide by 600,000,000 shs O/S = $0.20 cents per share!!!!!!!!!!!!!!!!!!!!
SURFKAST