Exactly, Big Mur. And to add, I think all need to look beyond the payment from the settlement and instead look at it from a bit of a bigger picture...
The payment from the insurance company may come tomorrow, next month, next year, or they may never get it.. who knows with insurance companies. But, no matter what happens with this settlement, people should understand that greater than $1.2m is at stake. What this means is that more than $1.2m has already been invested in either upgrades or repairs in only the damaged wells in KS. At today's prices, that is just a bit less than HALF the total marketcap of Hemi! Not only does Hemi hold assets in multiple other states but not ALL assets were destroyed/needed replaced in the floods. So, to think that what did get repaired cost in excess of $1.2m for the repairs should make just those assets worth that at least that much. And, I'll add... insurance doesn't pay out on LAND... land is there forever. Insurance claims are against assets ON the land. Hemi had greater than $1.2m in repairs to just equipment on SOME of the leases in KS. This amount doesn't include the value of the land... only the cost in repairs to SOME of the equipment. It should be a no brainer that if it cost in excess of $1.2m to repair some of the equipment that the total value of just the KS equipment is much greater than $1.2mil.
This by itself should be a huge indicator of the value of just some of the Hemi assets on some of the leases in KS. This doesn't even include the asset value of the leases themselves in KS... or all the other states for that matter.
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