How high can this stock go?I am just wondering what you think the potential price of this stock could be with 400 million shares outstanding. Each well could produce a 1000 barrels a day (at an oil price of $60/barrel). That is $120000/day for two wells. Of that, $40000 is earnings. $40000*365= $14600000. Most stocks have a P/E of 15 so 14600000*15=$219000000/400000000=$0.55/ share If oil went up to $80/ barrel the price would be $1.10/ share. Tell me what you think and if you think my assumptions are wrong?