Texas Side Track Costs15 Apr 2019 00:10
Broad brush valve.
350 bopd = revenue at $60 per barrel of $21k or roughly $4m for six months payback period. If it costs say half to drill ROSE will need $2m for the drill plus more for working capital; cost of acquisition and bringing the well to production.
ROSE will imo need at least $3m so a massive dilution on the way. Also expect a delay for the permit application.
Good luck folks but with a new broker appointed I know what is coming and I will buy back after the big dilution.