WBE whitebark energy ltd

Ann: Half Year Financial Statements, page-3

  1. 1,390 Posts.
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    Be best to get what they can when it is still pumping.

    Wizard was only ever a small oilfield with a finite reservoir. I did a calculation once of their stated reservoir volume and projected pumping rate and I recall it indicated it only had around a 4 year production life.

    What they can get for it will be based on those known parameters in calculating a value as we aren't talking about some well like in Saudi Arabia with a mega billion gallon reservoir or production life in the decades



 
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