Fair enough DP. I was using 6000CFD = 1 BOEPD which normally gives a fairly close figure, but splitting it up gives a more accurate result.
I know that the margins on oil production give a profit of 20% of the revenue so gas should be around the same. If the revenue is around the $1.2M - $1.5M mark, then net profits per year would be around $300k - $400k. VIL's market cap is around $13M if I recall correctly. So you're looking at about 3% in net growth market value per year from this well.
- Forums
- ASX - By Stock
- bingo for bongo
Fair enough DP. I was using 6000CFD = 1 BOEPD which normally...
-
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)