RE:I read someplace that sgy issued $10 million flow throughsWe know SGY couldn't fund drilling with debt as the banks had already made them sell a jewell property for a song. What I find surprsing is that the flow through was priced where the stock was trading at. Usually there should be a premium for that tax pool?
15 million will get 15 wells DCE. 125 bbls per well IP 90 so 1875 bbls of prod add? 8000/bbl? time will tell.