ACN 0.00% 28.5¢ acer energy limited

inp, page-19

  1. 8,265 Posts.
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    thanks to Raks......

    this is an excerpt from INP's own spokesperson

    "Wecker said there was a possibility of finding a lot more
    oil, but at this stage the company was focused on getting the
    wells into production.
    "We should be producing about 400-500 barrels per day (bpd)
    by late October and our target is to have about 1,000 bpd from
    five wells by the middle of next year," said Wecker.
    He said recovery rates at the 120 square kilometres field
    could vary between 15-50 percent, depending on geology."


    Bello......can you work out your modelling on the companys own forecasts?

    Cheers

 
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