Makes sense... I was just looking at breakeven from the operating costs that are quoted in the filings...
It looks like we are around 3m in operating costs...
At 2 bucks ppg for excelyte we need to sell 1.5m gallons (likely more because expenses will increase with sales).
The real tough part to nail down is how much product we can sell per well. I was originally banking on 500 gallons per month or 6000 per year, but stripper wells and lower producing wells need far less.
If all wells were high producing wells then breakeven could honestly come somewhere less than 400 wells, but if we assume a mixed bag of wells i am still guessing it is somewhere around 600 to 800 wells.
The bigger caveat is whether we have lowered our price point to gain market share. Based on the revenue figures from q1 it looks like we may have.
I am still very bullish... Even finish it means we are acquired...
Any estimates on market cap and PPS for an acquisition???
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