Sorry these numbers are not quite right
According to "SM71 Project Timeline & Platform Capex – July 1, 2017- Sep 2018" page 16. They expect 3000 BPD from 2 wells in SM7. Expected to come online in Feb 2018. The 3rd well is to be drilled in June and come online in July. Expecting a total of 4500 BPD. This will fund a further 3 wells in the area.
They project a net of $US2M per month from their share of that 3000BPD. However this was back in July when the price of oil was sub $50 per barrel. So lets adjust the figures to $US2.7M per month. or about $US90K per day or $AU112K. With that number going up in July when the third well is drilled.
So possibly a buy.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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1 | 100000 | 0.046 |
6 | 1027955 | 0.045 |
Price($) | Vol. | No. |
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0.059 | 144488 | 1 |
0.060 | 271241 | 4 |
0.062 | 45000 | 1 |
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