RE: RE: RE: Like itYes it I agree it will take years 5+ to max out full production on a new play of this kind. But it may only take a year or two more to show the potential and set us up as a nice take out target. (keep in mind they have already spent a year working on it )
Make no mistake Roman is not about becoming the next standard oil. He just wants to sell out at $5.00+per share. If it takes a year or two perfecting recovery rates and drilling enough wells to put a probable resources together he may just hit it.
No need to develop the whole play.
I will say that, I do see another financing coming. They have been sitting on this information until they bought the land they wanted and know the need to move the sp to get a better financing. ( Dilutive to us but smart business move).
Life Learner