Oil estimated at 5 million barrels, with a 50% interest. Therefore approx 2.5 million barrels. Being conservative lets say its only 1 million barrels, and oil price of approx $45 US (atm at $49.60).
Sales revenue potential $45 million dollars (us dollars, therefor even higher when consider exchange rates) - remember it generated 85% of revenue until intial costs are recouped, then drops to 50% - hence get costs back much faster.
Now, epe capitalised at $16 million (australian dollars) (according to commsec).
more drills and assessments on the way, therefore more announcements.
These figures tell me more juice to come.
Happy trading.
EPE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
