RE: Re We need a JV after the seismic3 Aug 2018 13:19
Steakpie my comment is an opinion and a lth in MSMN. Avg is over a penny. Hope we get there soon. Currently, as I mentioned if we have doubled our Welch gross revenue plus Arkoma for July and Mid August look good, with initial rates from Stanley also food before the continue stabilized rates then by End of August begin September we may not need a placing. I also remember one of the video of disposing NZ assests so should have income from that. From 30 days of Welch we could have a net income of $92,400 minus various taxes etc should cover some salaries, running costs. 6% of Arkoma for $230k if Stanley comes out better I rather have 2 more drills there. The BoDs still not given us a figure for Horizontal wells at Welch. But if they add another 3 without the horizontal well get the figure to 50-60 bopd that is well worth the risk.