re: yellowbank only worth 3c!! Thanks for the response!
Yes I agree that they say the whole field might have 5m barrels, but going by the prospectus EPE earns its % of this hole only. It also earns a percent of the next hole. etc
I therefore ask how much is this hole worth/ a guideline is that YBC2 produced 200000 barrels. Is YBC4 at least that? If it is the hole is only 200000 barrels!!
You need to drill lots of holes to get at the 5m barrels, so be careful.
The YBC4 hole may be more tha 200000 barrels but there is no real evidence except that the thickness is slightly better than 2.
I am sticking to 3c until I can see evidence that it is more. keep the comments flowing!
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