>>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
>>The assets do not seem to be anywhere near as good as they...
-
- 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)
Add CE1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.6¢ |
Change
-0.001(14.3%) |
Mkt cap ! $3.801M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.6¢ | $112.3K | 18.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6974869 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 4739528 | 11 |
View Market Depth
| Last trade - 16.10pm 18/06/2024 (20 minute delay) ? |
| CE1 (ASX) Chart |