What most people have missed is that the oil find at Merlin has upped the Harrier CoS massively. If theres good pay and permeability at Merlin, then you could almost put Harrier at 90%+ CoS - do your sums on that. So if we take the mean case here of 600 MM bbl and use the rule of thumb $3/bbl
it gives an MC of $900M (@50%). Add Harrier to that number and I think it gets into double digits. Whilst they did get oil and the stuff they've shown us appears to be light, the amount of pay is not known so its still a punt. But if it comes in with decent pay, then hold on to your hats. DYOR.
- Forums
- ASX - By Stock
- 88E
- Ann: Operations Update
Ann: Operations Update, page-313
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 88E (ASX) to my watchlist
|
|||||
Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $57.86M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $8.798K | 4.398M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
33 | 34246267 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 532779829 | 231 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
33 | 34246267 | 0.002 |
251 | 1016981218 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 512779829 | 230 |
0.004 | 276795262 | 104 |
0.005 | 130766207 | 47 |
0.006 | 36794900 | 36 |
0.007 | 33843917 | 23 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
Featured News
88E (ASX) Chart |