Schlumberger estimates for lidsey l2 well are 400bpd to...

  1. 198 Posts.
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    Schlumberger estimates for lidsey l2 well are 400bpd to 1500bpd...the operator thinks somewhere inbetween so let's say we get 1000bpd at 30% to doriemus that's 300bpd Opex cost is $14, leaves $40 / £30 profit per barrel. 350 days a year that is net profit of $4.3million .Average Oil & Gas sector P/E is 25 A P/E of 25 would mean a MCap over $100million to dor from just one well (they have permission for 3 at lidsey. This doesnt include the brockham well targeting the kimmeridge which we have 10% of and could produce 2000bpd + and shouod be in production soon andhas permission for another 3wells slso which could also be in production from next year...then there's hh and iow so you can see how undervalued doriemus is..when just one of the wells about to be drilled should give it an mcap of $100mill and $4.2mill profit and there's 2 wells that should be producing in the next few months.
 
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