PRM 0.00% 0.5¢ prominence energy limited

announcement, page-3

  1. 191 Posts.
    My definition of commercial is positive NPV - ie taking into account drilling, fraccing and cost of capital

    I seem to remember a report/presentation from them that they were looking at ip of 400 to be commercial

    anyway should get near enough, I think peak IP is ususally around 40% frac fluid recovery on other formations,

    ok so

    1 dud
    1 ok
    1 tbd
    2 very promising

    We should have a great indication of where we are by easter me thinks











 
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