50 barrels a day
That sounds quite good to me. Do the math and 50 barrels X $60X 365 days= $ 1, 095,000.00. Not bad for one well. Remember they are going to drill more wells soon. If they tap into this resource a couple of more times it could produce 3-5 Million a year. Remember they still have many more targets to drill on the property. This company is a steal at 8 cents.
Cheers,