It depends on so many variables the first of which

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!!!