RE:Consistent Lift of 11,000 BPD til May 13thLift and sale of 142,330 barrels for May, so far.
Oil prices have averaged about $65 U.S. per barrel.
Profit per barrel of ~$35
Profit for 13 days in May so far is $4,981,550.
The well just drilled will be fully paid off by the end of May.
There are 28 times 13 periods in the year 365/ 13 = 28.
28 times $4.98 million equal $140 million profit for the year
800 million shares out at $0.265 = $212 million
TAL is trading at 1.5 times this year's expected earnings.
Bonus True Up payments are somewhere around $30 million.
Then there will also be reversal of losses for 2020.
Why is that person selling at $0.265 ?????
B&D