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.
EPE
enterprise energy limited
re: yellowbank only worth 3c!! Just assessing my own analysis,...
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