TSXV:ATK - Post Discussion
Post by
funkshow33 on Jan 12, 2012 11:47am
my thought
Basically the NR says, yes we have been successful on all the Pierson wells. Hard numbers to follow when we get them... like 2-3 weeks.
Second it says no more dilution because they have enough revenue to get whatever money we need. Mud if you want the statements they are on sedar. Last time I looked they have NO DEBT. As for drilling you can assume approx 1.5 million a well for pierson (correct me if i'm wrong) Roncott is more not sure how much but more.
$100 oil x 400 boe= $40,000 a day = 1.2 million a month= 14 million in revenue a year.
So take a million for expenses and you can drill 13 more wells next year assuming nothing changes, so this time next year (i hope were sold) but we should be well over 1000 boe! and debt free.
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