info needed, page-47

re: spaceace - some calcs Hi zzedzz,
Just go back in and noticed your posts.

There are some things your not taking into account.

Firstly, when I spoke Warren he said to me they get AUD$50.00 a barrel. He also said they got 400,000 barrels from Yellowbank creek and not 200,000.
Also, they get 85% from Yellowbank with cost recovered will be 50%..

And then what about Smegsy-1, which discovered gas at various intervals, whats that worth?

And Nulla Nulla-1 could prove to be worthy with indications of hydrocarbons.

And finally what its worth to the market?

For instance, the market was happy to pay 43c on just Oil Shows !! So, if the market was happy to pay that much for the stock then how much will they pay now that is Yellowbank is commercial which means profit for EPE?

Its very difficult to put pricing on Oilers, they still have many more to drill yet..

For example, NAB current share price is $28.54.
Is NAB really worth $28.54??

Their NTA (Net Tangible Assets) is only $10.37 !!

That means if NAB went bust tomorrow share holders would lose Half their money..

Because their only worth $10.37..

In the end, the Market decides..


Cheers,
Ace.