Come on sterv, those posts are irrelevant. Your valuations do not speak of percentage ownership, changes in share structure to pay for costs, investors, or time lines and thus do not address the realities of the pure theoretical 60 wells.
PPS will be based on many factors and they start with annual revenues and not some pie in the sky development of 60 wells over an untold period in time and where the O/S can be multiples of what it is today during the period of performance and development. Interesting that the share structure is always fixed in a development stage "valuation" presented over years or decades.
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