RE: Article: 1600bpd potential for GLE.AICU,
lets take that number and make a estimated guess on what a potential target could be:
lets say they hit at least 1000bpd X $50bpo X 365 / 136,000,000 = $0.134 cents X EPS = could be much higher. I would say a conservative and realistic estimate would be 13-15 cents initally if they hit, and then depending on the size of the reserve it could be much much larger. Their was that other article I posted that stated a potential 500 million barrels of oil possible in the French basin, so they could hit a very large reserve.