Proved producing oil reserves 596,000 barrels, gas 3,701mmcf at 20: 1 makes it worth 185,000 barrels so 781k barrels (the 6:1 energy ratio while everybody does it is stupid better to use the $ equiv)
Anybody worked out what it has cost them so far in development costs over the past 3 - 4 years to get to this point? I get roughly $22mil so $28 a barrel.
Anybody got a differing view or a view of lifting costs etc. Just trying to work out when this will ever throw off cash or whether it will forever be sinking it back into the ground and diluting shareholders
AOK Price at posting:
15.5¢ Sentiment: None Disclosure: Not Held
