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4.76% 22.0¢ empire energy group limited

Ann: Hedging and Drilling Update , page-6

  1. shakazulu
    76 Posts.
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    12/08/11
    13:53
    Post #: 8814855
    They are doing 490 barrels of oil off 256 wells. Thats about 2 boe/d - so hitting a well with 40boe/d is good (about $1.3M in rev per year).

    Agreed it's not a gusher.

    s
    EEG Price at posting: 16.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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