It depends on so many variables the first of which is BPD.   Let's for this example assume 100 BPD for each Mitchell well.   At todays rate oil is $95.43 per barrel.  200 BPD times $95. times 365 days in a year gives a gross yearly revenue of  $6,935,000..  For expenses against revenue there are so many variables like royalties, transportation, storage etc. but assuming a gross profit rate of 65% that's a net profit of about $4.5 million.   If the valuation is 20 times earnings, that's a market value of about $90 million.  Divided by 1.2 billion shares gives a PPS of about .075.

Add to this Belize; TNC will be drilling several wells a month;  and as the flow of oil levels off in a few months there will be new wells drilled  to add to the monthly totals and this stock is so undervalued.

Calculate what this stock is worth if there is 6 million barrels of oil or more in SJ #3.

Calculate what this stock is worth at the end of the year if TNC drills 3 or 4 wells a month.

The Mitchell wells should cover all Treaty's daily expenses and put Treaty in the black.  This will open up a domino effect of possibilities.

There's many reasons why I'm breaking all rules of investments and am all in on a penny stock.   Management is heavily invested and are working their butts off is another!!!