RE: ConsensusWhere did u see that we hit 6000 barrels and a resource of 400 million. They have not put out any news release that i know of so where are u getting your information? Thanx in advance. Those numbers would not get the stock price over a dollar but just might get it to a dollar. We need 20,000 and 30-40 would be much better! A rough estimate is each 10,000 barrels of flow is worth about 1$ per share on a 500 million barrell recoverable resource. The increase in recoverable resource from there would magnify that formula by the same percentage. Thus if the recoverable resource is 1 billion barrels (double the initial 500) then each 10,000 flowing barrels is worth $2 per share. Thus a 30,000 barrel a day hole on a recoverable resource of 1.5 billion barrels would be worth @$5-6 per share and 20,000 on 500 million recoverable would be worth @$2 per share and any combination could be calculated and a rough share price target estimate produced.
Longrider