ERH eromanga hydrocarbons limited
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production testing, page-3

  1. cdchi1
    8,972 Posts.
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    21/02/08
    10:55
    Post #: 3378398
    wont know until production testing, but I expect 2-3 production wells would be the scenario.

    The competent person report released last year has info on the potential economics of this prospect.

    From memory $90 per barrel of oil had an NPV of $27 million or so million assuming around 1.4 million barrels of oil. Multiply this by 40% for ERH interest, around $11 million.

    NPV seems to inrease by around $9 million for every $20 increase in oil price which is interesting (Go oil!).

    Cdchi1
    ERH Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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