re: yellowbank only worth 3c!! Just assessing my own analysis, based simply on ONLY $1 million barrels...when you consider and factor in a price earning multiple....you soon discover this stock is worth A LOT. Those on the sell side of $1 may not be as silly as some in here thought.
some rough figures for epe.
Oil estimated at 5 million barrels, with a 50% interest. Therefore approx 2.5 million barrels. Being conservative lets say its only 1 million barrels, and oil price of approx $45 US (atm at $49.60).
Sales revenue potential $45 million dollars (us dollars, therefor even higher when consider exchange rates) - remember it generated 85% of revenue until intial costs are recouped, then drops to 50% - hence get costs back much faster.
Now, epe capitalised at $16 million (australian dollars) (according to commsec).
more drills and assessments on the way, therefore more announcements.
These figures tell me more juice to come.
Happy trading.
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EPE
enterprise energy limited
re: yellowbank only worth 3c!! Just assessing my own analysis,...
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