2014 - SP multi so far, page-2

2014
- 2000 ish

2015
- No idea. Depends very much on drill rate which in turn depends on funding
- $50 Million would give them about 6 wells per month so exit would be around 4000 ish. They could manage this with current cash + RBL
- $100 Million would give them around 12 wells per month so exit would be around 6000 ish. They would need more expensive funding to do this (eg 9% unsecured notes). RFE crashed and burned using this strategy. On the other hand Lonestar (ASX: LNR) did very well. Check out their chart - funding came online in April 2014 and share price took off in June (though retracing a bit now). AOK has a similar / better IRR than Lonestar so I think they can pull it off