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 ...
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Rocket2 could be flowing 5 mmcfd judging from the 12/11...
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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($) | Vol. | No. |
---|---|---|
12.0¢ | 83600 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15000 | 0.115 |
1 | 20000 | 0.110 |
1 | 10147 | 0.105 |
2 | 20343 | 0.100 |
1 | 50000 | 0.098 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 83600 | 3 |
0.125 | 145615 | 2 |
0.130 | 142857 | 1 |
0.140 | 100000 | 1 |
0.145 | 215100 | 3 |
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