If we are understanding this correctly, Reno #2 is at 20/day which is a great rate following the floods. So much attention is on the new wells, it's nice to see some great info on the older ones.
Potentially, we could see Collins + another new well in the trend + #2 Reno together putting out 100bbls per day. In a 25day month, that is 2500 bbls per month. Very nice improvement over the 600 PRd for January. That's over $2.4m year revenue just on these leases for oil. More than enough to aggressively drill and run the company. A few more like Collins and production really start to take off.
Drill, baby, drill.
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