>>The assets do not seem to be anywhere near as good as they told us .
>>Some wells were touted to have payback of only 5 months .
err, so lets check that claim and do sums on last 2 glauc wells came on in March, and as May data just released
oil 29237 bbl in 1728 h, noting 1 well lagging the other, but still daily production increasing with latest data
so over 72 days, average per day 406 bbl oil and 250 boe gas
latest cost is c$2.6m so (2*c$2.6m)/(406 bbl/d * 60 wcs * 1.35 usdcad) = 158 days = 5.09 months payout
at lo wcs and that doesnt include return from another av 250 boepd gas
- Forums
- ASX - By Stock
- CE1
- Ann: Company Update
Ann: Company Update, page-135
-
- There are more pages in this discussion • 78 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CE1 (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.700M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
CE1 (ASX) Chart |
Day chart unavailable