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Traderfan

11/20/14 11:18 AM

#15917 RE: fly_fisherman #15916

Will also depend how the share structure look like once it trades again.

maybe_this_time

11/20/14 12:56 PM

#15921 RE: fly_fisherman #15916

So what are we talking about here. 3.5% of 5 wells doing 70 BOE / day for SOG right now?

At $85 barrels a day that's $1,000 day? Not sure how much north of 3 cents a share that is. I imagine Dan Jr. would be pocketing at least 1/2 of that himself. Not sure the market would be really be that excited buying shares into that.

I don't know, I'm keeping my expectations low, lol... Now that we have an idea of what it is... Even if they get to 75 wells, SOG only has 3.5% of that under the current model, 2.625 wells. I'd rather buy shares in SE or Wildcat Diller if I could, lol...

All purely JMHO which might not be worth to much, lol...

But if you had $15,000, or whatever it is to buy in a well, that actually sounds pretty good.