Well your numbers Orion aren't as fantastical as they were in 2016 when you bought 4-5x higher, but you still seem to have a big gap in your understanding of $ vs well output...for a junior struggling to raise any decent $ to drill non stop for say 2 years to get ahead of the decline curve. (and that's IF they even get oil flowing)
At current WTI, $10 "profit" per barrel is in dream-time realm again with their well completion rate. no of wells and even current leaned down G&A.
They would need a MIN $5m rev to just cover G&A
For someone that's been at the coalface, your understanding of shale economics is still well off reality. as we all said when AKK was 12c!
FPL Price at posting:
2.1¢ Sentiment: Sell Disclosure: Not Held
