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Hi Gryphon,Yep, that's one in the goolies.I thought I'd update...

  1. opt
    193 Posts.
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    16/10/08
    11:09
    Post #: 4395552
    Hi Gryphon,

    Yep, that's one in the goolies.

    I thought I'd update some of my calcs on a EPT scenario:

    10 mbbl/d * $70/bbl *40% = $280k/d

    22 days production = $6m = KIK's 40% share of another shallow well.

    36 days production = $10m = KIK's 40% share of Gindara

    98 days production = $27m = A$ 42m --> KIK buy itself!

    Regards,

    opt
    KIK Price at posting: 8.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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