News priced inMaybe??
We now have 550+ bpoe.
This five well program created more production than the previous five well program.
Saturn is now making just shy of $1,000,000 a month in profit. That is why the stock isn’t cratering. It’s trading at 4x Ebitda. With drills turning continuing to add profit. By X mas another 20 wells will be drilled. If they achieve 330bpoe per five. That would be 1770bpoe exit rate. That is why the stock isn’t cratering.
This is will be a slow and steady rise for the next few months. As income rises so to will the market cap.