ERH eromanga hydrocarbons limited

: sector in general in sufferring

  1. 480 Posts.
    unfortunately erh is not alone in not being loved at the moment, the junior oil sector, is down by half, doesn't matter how good there prospects are. Waiting for a re rating on the sector as a whole.

    Looks like oil will flow from the top section, and the rate should be more than the middle interval. All in all a positive announcement. Unfortunately the only way to make people get up and notice is to deliver a big production rate, (even if the reserve is small). We have the reverse, bigger reserve, slower recovery rates. Much prefer a bigger pool of oil for the longer term
 
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Currently unlisted public company.

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