RE:RE:RE:RE:Long Term Price Target | 60 to 70 Wells | $1,100 per MCFI initially had a similar thought when I heard Robert allude to "not entertaining an offer below $30". My sense is that the mention of $30 is more based on Robert's conservative and methodical approach to running DME and not being promotional with projections about the long-term future.
If he were to throw out a number in the triple digits before drilling is even complete on wells 4/5/6, the new reserve analysis and several months ahead of completing the solar farm, processing plant and getting the first set of well into production...well, it makes me think he's referencing $30 in relationship to the company DME is now or in the Very near-term. Not the company that DME could potentially be with 60 to 70 wells at varying levels production.