Yeah things are looking up for EMR
Voyager is currently producing 900 BOPD and if things go according to plan, the combined Emerald Oil PF will spend $30 million on 5 + wells with an IRR of 100% ($90) and be producing 2000 BOPD by the end of 2013 !!!
The Green River Basin with Entek, I would have doubts weather they would be able to produce any oil next year but if they do, plenty more upside.
The market is also discounting the companies EV per Bakken acre compared to it's peers !!!
voyager oil & gas to acquire emerald oil, page-28
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Last
$3.61 |
Change
-0.080(2.17%) |
Mkt cap ! $2.368B | |||
| Open | High | Low | Value | Volume |
| $3.58 | $3.64 | $3.52 | $5.090M | 1.415M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 12584 | $3.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.62 | 1506 | 1 |
View Market Depth
| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| EMR (ASX) Chart |