88E 0.00% 0.2¢ 88 energy limited

Hi A57RO Just for Friday funnies I will play the game....back of...

  1. 276 Posts.
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    Hi A57RO

    Just for Friday funnies I will play the game....back of envelope & burnt by Winx mode turned on:

    Indigo / Charlie - I'm concerned we might miss this target, or just catch a glimpse of the potential, so I'm thinking gross will be close to 200, so approx. 60 for 88e.

    Lima - I too think this might be minimal to us, 100 gross, so 30 to 88e.

    In terms of Stellar - If all goes well with the drill and we get to target with no issues, then I expect 300 gross, or 90 net to 88e.

    In total - 88e 180,000,000 barrels.
    so my prediction is 3.8-4c by spud, then 6.3c - 7.6c. (Based on $2.50-$3)
    I hope this is worse case and I am completely wrong!!

    I'm more interested to see if we drill a little bit lower what we might find …
    The more data we find along the way down that wasn't in original plans could get the SP up to 15c+
    Happy Friday all
    Aussie
 
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