Exactly one of the reasons you list is why I think CAVR can go to .04 by the end of November.
I believe Billy is working diligently to bring the other 3 wells online and he will be successful.
That said, I'll base my numbers on just 3 wells producing oil.
I'll base my numbers that the 3 wells pump oil 351 days a year allowing for maintenance/weather etc.
Again conservatively, the 3 wells in total produce 75 BPD.
75 BPD @ 351 days per year = 26,325 BBL annually.
26,325 bbl @100 per barrel = $2,632,500 annual revenue on the 3 wells.
Assuming 35% goes to bottom line is $921,375 profit. This could be higher.
With roughly 525,000,000 EPS would be .0017 with a conservative multiple of 20 times earnings we have a PPS of .0351.
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