RE:RE:RE:RE:RE:RE:RE:Stop and think for a momentSome rough math based on the last Q. If you extrapolate the 6.4 million with 30% down time to production for the entire quarter your looking at 9 million per Q or 36 million per year.
Once bbi reaches it's goal of 10 k bod equivalent.the next milestone is 30k bod/e according to presentations with a target of 2020. That's about 20 to 30 more wells after we meet tidewater contract as long as new wells come in at past flo rates.
Math takes bbi revenue to over 500 million with roughly 40 wells in production. So I'm to believe that bbi will only fech 2x revenue, or $1 per share? Me thnks not...
Of course if Garth throws in the towel before we reach the above production and sells the company then those numbers change, but even with just the tidewater production of 10k or $180 million in revenue per year and 1400 more locations (minimum) bbi will be worth much more the $1...IMO....