EKA 0.00% 45.0¢ eureka energy limited

market cap 26 mil, page-9

  1. 2,912 Posts.
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    If it is any help Dolomite has a hardness of 3.5 - 4
    Limestone has a hardness of around 3

    Limestone is typically far more porous than Dolomite

    Hopefully this will equate to fewer wells, spaced futher apart and better flow rates.

    If EKA has 30Million Barrels even at US$6.90 a Barrel
    Their 45% is worth $116M.

    Drill 50 Wells costing $50M
    and they could be producing 5000 Barrels a day for 16 Years. Bringing in revenue of $53M a year.

    I think we have the makings of a real winner here.


 
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