something in the wind?, page-2

Straight from EKA's announcements. Updated flow-rates, using both 12:1 and 6:1 ratios.

Santos currently values the condensate ratio at 5.5:1, using this website. http://www.santos.com/conversion-calculator.aspx. The figure might be slightly off, depending on how regularly Santos updates it. I've heard they update it continuously though. Credit to 5hareholder for that link.

The flow-rates are the 30 days production averages, excluding Kowalik and Urrutia, in which we only received production figures for these wells today.

[b] Very Conservative 12:1 ratio [/b]




[b] Current 6:1 ratio [/b]



Currently 5.5 : 1 results in 800 boepd.
6 : 1 results in 770 boepd.
12 : 1 results in 590 boepd.

I believe EKA is undervalued at 590 boepd, let alone the current 770 boepd. The latest announcement reads that Direct Assets has confronted a minor setback, but we should see production flow-rates in about 2 weeks or so imo. Flow-rates from Gilley should also be released around a similar time. Please comment back if you disagree with any of these figures, they're straight from the announcements though.

Enjoy and DYOR.