is mad a bubble to burst, page-9

since no one is coming up the numbers i thought i will do it myself and show this business model is not fit business model for listed oil spec

from last year FY report cost per well is around 500K production per well is around 12 per day based on those figures 3000 barrels per well per year (250*12= 3000) industry std

margin from operation from last year fin is around 29.57% say 30% so margin per barrel per $30 per barrel so per well GP is around 90k per well big number in fact it is really not worth given the life of the well would be 3 to 7 years average is 5 years it will take 5.5 years to recover the cost of well.

so for me theses small wells is nothing but pie in sky

next the big wells target not much info on this however still MC of 500 million is a joke pls DYOR