re: Ann: Eagle Ford Shale-Sugarkane Operation... It may be a false dawn but, for the first time in weeks, possibly months, the BBC website has NO story on the Eurozone/Greece/failing banks etc. The biggest story in the business section is BP's claim to be at a turning point.
Furthermore, WTI is comfortably above $90. Might we be about to see some normality return? If it is, it will nicely coincide with MRO's takeover as operator and the ramp up of operations.
The HiWay fraccing seems to produce 35% benefits for the oilier, lower-pressured, areas and 15% benefits for the better areas. That could be significant to the NPV10 calculations. If the cost of a well is $8m and NPV10 of the net revenues (after tax) is $10m, the valuation is $2m. If the NPV10 of the net revenues (after tax) is $11.5m, the NPV 10 for the well is $3.5m. For the oilier wells, there is an increase from $2m to $5.5m and it seems that the NPV10/well (net after tax) that is the key valuation figure.
GMP has 2 Excelsior valuations: "Excelsior oil" $4m/well and "Excelsior oil(2p)" $1.2m.
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Last
$1.15 |
Change
-0.060(4.98%) |
Mkt cap ! $643.2M | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.18 | $1.08 | $5.636M | 4.999M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4584 | $1.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 15000 | 1 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| FFM (ASX) Chart |