EGO empire oil & gas nl

q's for brooke, page-3

  1. 549 Posts.
    So for the next 18-24 months we have a per share earning of .003 cents per year before costs... that ain't gonna be good for the SP in real terms

    My maths are like this

    500 barrels a day at $100 per barrel = $50,000.00

    $50,000.00 x 365 days = 18,250,000.00 pa

    $18,250,000.00/6,000,000,000 shares on issue = $0.00304 per share...

    These are round numbers of course, we have more than 6,000,000,000 shares on issue and the condensate is probably worth more than $100 a barrel but you should be able to get my point.
 
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