What does it cost to drill an oil well28 Jul 2020 12:14
These days?
30 million, 40 million, 50 million, depending on design length etc
With no guarantee of oil at the end of it
That’s why a market cap of 100 ish million is ludicrous for an oil company with huge acreage pumping soon to be 20 k barrels of crude a day from two wells, with another well at Lincoln just waiting to get hooked up.
I don’t care what the shorters say.
This is going north and right soon