what a recycle ratio of 7 means quite simply for every dollar spent in the ground you get 7 dollars back. So this years drilling campaign of 30 plus million will yield 210 million in cash at $90 oil strip....
the fun begins when yo send next year 15 wells at 5.5 million per well (assuming success) is 82 million at a 7 recycle equals 574 million in cash .
obvious what 2024 brings
based on year end exit of 3200 bbd and 2023 year end exit of 7400 bbd
this is what i mean by an ATM in the ground ...terminal cash value north of 1.5 billion
as much as i love cpq wcp cve bte tve , they can not grow at this rate ....thet have superior liquidity not terminal per share cash value.