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Welcome aboard! I also "lurked" for a couple of months before I emerged. I didn't want to have a the experience that I saw on SH. And you will find that is NOT SH.
About that math.
500/b per day X 4 wells=2000/b per day @ $80/b (there is always overhead and royalties) X .55 (MEO's share) X 365 days a year = $32,120,000/year. With a P/E of 5 we start to approach $1.00 a share.
