RE: 15% Ownership.12 Jan 2021 22:56
3000 bopd at $60 per barrel at year end is equivalent to $63M revenue per annum. Even at 1000 bopd that's $20M a year, every year.
Apparently Atomic asset is worth $100M-$150M and that was when the barrel was around $47. Ist's now $56 and could be heading to $65. So the field is highly lucrative. Right place right time. That's why Hadran bought in for 10%.
The valuation could rise to $125M to $180M on these prices!