To get to $200m sale we probably need 5,000 acres at $40,000 each. That seems very achievable and we are nearly 40% there. The area we are drilling stack and scoop just keep heating up with acquisitions
Now with the free cash flow and expanded finances we can surely get another 3,220 acres in the next year.
Remember we had 1,780 acres and then facility was expanded to $3m or $3.5m from $2m. Then on top we had announcement of $2m net cash flow and 14 more wells coming online.
If oil goes up to $75 - which is very likely with all the North Korea, China, Russia, Syria tension then we will probably be worth even more than $200m if we acquire the 3200 acres and hold 5000 acres
2018 should be a very interesting year
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