Rocket2 could be flowing 5 mmcfd judging from the 12/11 operation update on Sterling Energy website. It mentioned that their 2nd Austin chalk well (Rocket2) is giving them 1 mmcfd NET (NRI 19.6%).
Hopefully, my interpretation is correct because with BUR 13% NRI, rocket2 is generating US$150k cashflow per month! Together with YPU1 US$100k, BUR is earning US$250k per month with only 2 wells! Despite the expected natural flow decline, the monthly income is going up sharply if income-funded drilling continues because there are 23 more wells to go! No wonder Macquarie Bank is the top holder as this is a capable company that deserves a market cap of more than A$16 million ...
Rocket2 could be flowing 5 mmcfd judging from the 12/11...
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Last
12.0¢ |
Change
0.010(9.09%) |
Mkt cap ! $18.04M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 12.0¢ | 10.0¢ | $24.54K | 225.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 83600 | 3 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| BUR (ASX) Chart |