EEG 8.70% 25.0¢ empire energy group limited

1. On a per well spacing unit EEG land is less than half the...

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    1. On a per well spacing unit EEG land is less than half the depth of a normally prospective shale well. A reasonable and still optimistic view of EEG wells are that at best they will produce half of what an EP136 well would Perhaps 65% of what an Amungee well will. Yes they're cheaper, but production is the leng lever on the economics.
    2. How do you plan on getting the gas out? Those bases appear covered by TBN.
    3. The scale of the asset limits the development valuation. Only a sliver, at most 80,000 acres appears prospective and is bisected by a major fault that will eat capital faster than the cookie monster eats cookies.
    4. Spatially the lands contain less than 5% of the area and, at that it contains half the gas on a per unit area that the rest of the basin does.

    Sorry, but you asked.

 
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