CPG showed new results from Gold Creek WestOne well had 1900 boe/d (87% liquids). Has to bode well for Pipestone's delineation which is very close to CPG's current production inherited from Spartan Delta. The new pad wells have twice as long laterals as the original 2018 Blackbird well (700 bbl condy a day) so likely should have better punch.
Using those SDE metrics we should be valued at close or above to double the current price using $80/$3.