EPR essential petroleum resources limited

congratulations you did it

  1. 2,183 Posts.
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    After 7 years we finally have a winner!!!

    9mmcfg/d - better than expected. We may stabilise at say 7-8mmcfg/d

    At revenues of $4/mmcfg - we are looking at revenue of about $10m/year. We can also expect very low operating costs and small taxation due to accumulated tax losses.

    Good cash flow for the off-shore explorations. There may be another few targets in the permits too.

    The dilemma - farm-out P168 now to accelerate off shore explorations - I would!!
 
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