From now on it all has to do with production. The rest is just rhetoric.
1200 to 1500 bopm from the stripper wells plus the production from the 3 older wells on the Bane Lease.
4 new wells ( since Sept 2007)on the Ball Lease. By now the must be very close to handling the excess pressure problem and are nearing anticipated production (just estimate 20 bopd each) of 2400 bopm.....Has to be close to or over 4000
bopm.
Capital and Leases for how many new wells this year??? Just 10 new wells at an average of 20 bopd equates 6000 bopm by the end of the year. 10,000 bopm by the end of the year is not an outrageous expectation.
Up or down from 10,000 bopm, it has got to be close.
Currently, 5000 bopm equates a conservative .30 PPS, when a multiple of 20 X EPS is used.