ITC impress energy limited
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Sorry for the excitement but those figures are gross.Lets say...

  1. guttedsquid
    5,933 Posts.
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    08/09/08
    10:54
    Post #: 4240278
    Sorry for the excitement but those figures are gross.

    Lets say the well stabilises at 1250 BOPD at $110 AUD

    That is 50.2 mill total revenue

    40% = 20 mill a year not including current revenues.

    Depletion is the key.

    Nevertheless the result is unbelievable.

    It will also put this field in the sights of predators I would think.
    ITC Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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