I think we will rock and roll up to around $20.00 prior to drilling (only $2.50 pre split).... and I think Ray puts a cap on it there with some dilution/Sale. In which case we will be set for a multi well program for the next cople of years.
If we miss on the first well, his finance options will evaporate. And I believe he learned some lessons on the Sabu well.
But it's all just a guessing game for now ....
Those long term charts are definitely looking very very good...
Bottom is most definitely in ... little risk of downside prior to drilling IMHO. Next step is to get over $5.00 and consolidate before the next leg up .... I think we see $10.00 before Christmas. (That's only $1.25 pre split)
As for what it could be worth if we actually hit oil ... the sky is really the limit there IMHO. $240.00 is only $30.0 pre split ... Looking forward to watching this unfold