RE: Interesting14 Aug 2019 15:49
Thank you, Helpful. I throughly enjoy reading your posts. I have invested most of my savings (over Β£90,000) in this company and any insight is very helpful and much appreciated.
Im very happy with the progress we have made to date and i'm very confident that SP will move according. After meeting the BOD at the recent AGM i feel they are keeping to their word.
My point in previous post was that the average/mean over a period can only move higher if the current production is moving up. I agree that there is a limit to how much we can get from workovers and we need to drill new wells.
110 boepd x $60 x 30 days = $198,000 per month from 1st April 2019 to date just from oil. But don't forget in April we started with only 3 BOEPD. Big progress is being made and not many people understand it.
For one year = $198,000 x 12 months = $2,376,000 ! ONLY from oil/gas sales.
HOW CAN WE BE WORTH 3.6 MILLION?
This does NOT include any monie we will be generating from oilfield service contracts. We are getting around $4.5 -$5 premium.