Caroline well predicted to payout around end of 2024 ahead of schedule
Inspection of the Certus Caroline production graph appears to be slowing down at 3.5% per month over the February a month and after. So from February 2024 to February 2025 The Caroline well should produce an additional 2.9 million on top of the previous 0.78 million.
SHE Caroline well Annualized rate of return is around 30% Within 3 years at this well decay rate it would have generated a ebit of around 6.78 million. That is a ROI of 6.78 million / 3 million = 126% +100% of initial investment.
That is a Annualized rate of return of 30%. which is exactly matches its SHE long term EBIT growth as mentioned in previous thread.
SHE Price at posting:
1.3¢ Sentiment: None Disclosure: Held
