ERH eromanga hydrocarbons limited
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one last calculation

  1. Spozzie
    2,529 Posts.
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    03/09/08
    12:59
    Post #: 4225370
    We can ssume now that 430 will produce about 250-300bbls per day x 20 wells (that one is a stab but will be more than the 14 at 330) = 5,000-6,000bbls per day + 330 = 7,000-8,000 bbls per day.

    as per the last presentation 330 DCF is AUD63M therefore 330+430 DCF = AUD220-252M = 63-72cents per fully diluted share.

    No allowances have been made for CAPEX on 430




    Spozzie
    ERH Price at posting: 24.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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