If oil rebounds to $80 per barrel w 12 wells averaging 200 boe p day this would bring in like 3-5 million in profit dependent on percent ownership of the wells. Could be a 30 cent stock.
Wildcat how many wells do you think will get drilled this year? 15? I understand that each new section adds between 10 to 36 wells depending on the shale conditions.,So you think the plan is to secure new sections then when oil recovers drill all the adadditional10 to 30 wells