ERH
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0.00% 2.9¢ eromanga hydrocarbons limited

Extended production test: Future Production2000 barrels per day...

  1. kojasper
    336 Posts.
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    11/07/08
    10:35
    Post #: 3978327
    Extended production test: Future Production

    2000 barrels per day and 40% to ERH

    800 barrels per day x 365 for 292,000 barrels per annum for 7 years

    $USD38m in revenue before costs for 10 years. ( @USD 130 )

    I expect the stock to get a serious re-rating.

    Block 430 is going to be a ripper. If we can get flow rates in the 1,000's, who knows where we are going to end up.

    Regards

    Kojasper
    ERH Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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