ACN 0.00% 28.5¢ acer energy limited

i cant believe what im seeing, page-7

  1. 6,650 Posts.
    MJS

    Late info was 120 million in place.

    That was before the recent drilling, my own informed view it some where between 3000 to 500 million in place.

    If Yarrow North come in with oil and followed up with Flax 7 which will be drilled North of Flax 6 you will be looking at the high end of the estimate or higher.

    The key is getting oil into production and proving the recovery rates 10 to 30%, ideally 30% or more is what we want.

    cheers

    PC43
 
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