Doing some more quick researchand 6000 cubic feet is apparently close to 1 BOED
1.45 MCF should br equal to around 240 BOED equivilant
505 BOED plus 240 BOED equivilant = 745 BOED equivilance
745 x $20 profit = over 5.43 million profit per divided by 25 million shares equals 21.5 cents per share profit
Using a P/E of 20 I get a rough number of actually 4.30 cents a share just on this one well in my guestimate opinion.
Again my numbers are all guesstimates and am pretty sure they are wrong so please could someone correct me on my numbers. I am really starting to get excited and am hoping a lot of people will find out about this in the next couple of days.
Thanks and Always DYODD :)