A lot of speculation : The facts are Riddle 5 and 7 are producing, if flow rates come back at a modest 100 to 150 barrels a day :reducing influence of water probs: after costs AUS 65 per barrel is a potential income of 3.5 Mill. Given riddles 8 and 11 being drilled this week, The Carter Lease shows good seismic results at around 500 feet which will be drilled next : The Thomas Farm lease : York Lease and further potential on the riddle lease. The company has other leases and are actively aquiring more. Low cost production High yields high probablity drilling previously productive fields with modern technology.
Add to My Watchlist
What is My Watchlist?