EMR 1.46% $3.38 emerald resources nl

26 feet of gas pay, page-15

  1. 450 Posts.
    Thats right Doddlebugger,
    And they plan on drilling 50+ per year. So based on US$3000 per day for one well you'd be looking at US$150,000 per day after the first year, taking into account they strike on each well and price for gas could go up or down. Thats about US54m per year. Not bad at all.
    And these wells can last for years and years.









    DYOR
 
watchlist Created with Sketch. Add EMR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.