They've expected that flow rates from Glamour Girl will be 1.5-2 mcf a day, and oil production between 30-60 bopd.
Assuming they can get flowrates of 2mcf & 50 bopd, they will earn with their 15% interest around $1 million pa. Nothing huge, but enough to cover EMR's admin and running costs. It should help in minimizing dilution.
next well should spud soon, page-8
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add EMR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.94 |
Change
-0.020(0.51%) |
Mkt cap ! $2.591B | |||
| Open | High | Low | Value | Volume |
| $3.94 | $3.99 | $3.94 | $1.215M | 307.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 6078 | $3.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.95 | 9585 | 16 |
View Market Depth
| Last trade - 11.22am 22/07/2024 (20 minute delay) ? |
| EMR (ASX) Chart |