RE:RE:Current field workHere's a fun (but ridiculous) thought experiment...
Say half of that revenue gets converted into earnings of $20M. Now apply TSLA's PE ratio of 400 to get a market cap of....$8B (!)
Why not? We're high tech (rockets, MRIs, semiconductors) and we'll be growing fast too :D
Yes, this says more about TSLA speculators than us.
Deerock wrote: I speculate that they are finalizing the locations of the development wells for the McCauley field. I think I remember Rob saying if they had gone ahead with the original permits and locations for wells 5 and 6 without learning what they did from well 4 they would probably have run into low permeability or something of that nature. I think the main issue with that is a very low producing well unless fracking is used which we all know is not part of the plan. I would also assume they are putting a lot of time into deciding which refinery equipment will be best suited for production. If they can actually get 4 wells online with 10 million each in annualized revenue by Q2 I think the market will treat that quite favourably. Cross our fingers for regaining access to well 3 and drill another wild cat in the next few months... lots to look forward to.