The most interesting items in their report to me were
1. current value of the company - it is trading at $25,000.00 per flowing barrel right now with just under 30 cents a share in cash.
2. Using generation 2 well production (because they don't have historical data yet) the company is forecast to be trading at negative $2000.00 per flowing barrel by 2024. ( table on top left of report)
3. that implies a return of 13X over two years assuming valuation remains constant - plus added upside for gen three well design (30%?). COMPOUNDED.
4. Plus upside from being able to add a bit of debt at reasonable cost due to the increased size of the company to goose drilling.
with some success on both fronts that could increase production another 50% beyond the gen2 well design with no debt base case.
over the next 2+ years we could be looking at a 20 bagger.
I am sure glad there was nonwarrant in the financing. this one is all lined up and ready to go...