EPE enterprise energy limited

info needed, page-24

  1. zzedzz
    15,866 Posts.
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    03/11/04
    18:08
    Post #: 640935
    re: spaceace - some calcs My calculation could be too high. If you look at the prospectus for EPE they mention that Yellowbank Creek 2 produced 200000 barrels. I have assumed 1m barrels for this well. If it is only about 200000 the divide my 15c by 5 and you get a value of 3c for the well. This would bring it back to 17c plus any blue sky.
    I suggest we all be very careful as we dont know how much oil there actually is in the hole. However YBC 2 produced 200000barrels and so must be a useful guide. I am happy to be corrected if I amwrong on any of my figurings! Please comment.
    EPE Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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