"IF JPR were producing at 400BOPD from J50 (long term stabilised) what would you say is a fair punt?"
Given that long term stabilised rates with decline curve will take at least until the end of the calender year to be known (and thus bankable) the question is academic only.
"IF JPR were producing a further 300BOPD from NWZ-2 (long term stabilised) what would you say is a fair punt? Ie 700BOPD total with two sands proven up"
NZW2s known flowrate is 16bopd (yes sixteen). Sans further information it remains to be what is known in the industry as a 'LOL'.
But , yes , if LTSFRs for both were 700bopd (which can only be known by year end at best) then perhaps an SP of 5c is justified based on the 1.2b shares (at least) that will be on issue at that point. imo
Enjoy your Doss , Doss.
DYOR
JPR Price at posting:
3.4¢ Sentiment: None Disclosure: Not Held
