ERH 0.00% 2.9¢ eromanga hydrocarbons limited

estimates, page-3

  1. 1,295 Posts.
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    I'll have a rough guesstimate and say on your estimate of 29 MMbbls OIP, assuming less 40% unrecoverable leaves about 18 MMbbls recoverable, (Very much open to debate) at a reasonable $100 a barrel, is $1,800,000,000 less 50% for Taxes, expenses set up and whatever equals $900,000,000 devided by about 800 million shares equals $1.125 less say 20% because its far off production, I reckon .90 cps for this find, on your estimate for OIP. Still early days though and nothing is confirmed, but wouldn't it be nice.
 
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