I've done my bit with a buy of 2m last week .... honestly would be crazy not to buy at these prices...did not factor in the 32.8% higher-than-expected initial production rates of Jewell Well. net present value is at least (4.8X) current. using break-even cost (US$29 - US$43/barrel) base case of 1,300 BOEPD for each well under the 5-year, 20+ well program assuming similar production rates of the nearby wells, CAPEX of US$8M, and average prices of US$70/bbl of oil (WTI) and US$5/MMBtu of gas. For instance, Jewell Well is expecting a payback period of 14 months with a rate of return (ROR) of 82% using an estimated 1 st year production of 324,000 BOE and oil prices in its mid-US$ 60 levels. we can expect a much faster payback and ROR now given the higher-than-estimated IP rates and higher O&G prices.
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I've done my bit with a buy of 2m last week .... honestly would...
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $47.72M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.0¢ | $95.16K | 9.508M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 23559111 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 9782869 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
29 | 23559111 | 0.009 |
19 | 4413966 | 0.008 |
6 | 3507000 | 0.007 |
4 | 1585000 | 0.006 |
3 | 2308000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 9782869 | 3 |
0.011 | 36316610 | 23 |
0.012 | 17291476 | 28 |
0.013 | 20872569 | 19 |
0.014 | 11231257 | 15 |
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