Did anyone read this part of the Ann', below, which was enclosed and is from Tag Oil's ann'.
It says 276 boe/d with [74% oil] so even if the gas [26%] earns the same as the oil then MAY's 30% is 83 barrels a day @ about AU$90/b so close to $7470/day,
that is assuming equivalent gas price for the 26% which is currently being flared is it not?.
Not exactly a compelling reason for the sp of a $20 million company to surge from 1.1 to 1.4c on increased volume IMO.
Ann: NZ Pukatea 1 Successfully Flows Oil, page-9
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Mkt cap ! $107.8M | |||
| Open | High | Low | Value | Volume |
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