FFM 2.88% $1.01 firefly metals ltd

rough valuation, page-20

  1. 2,952 Posts.
    lightbulb Created with Sketch. 166
    Nice work estseon. I have'nt seen the recent Euorz report yet.

    With that figure end of CY 2011 we would be prodicing at 13,710boepd gross approx.

    However i cant see how you get 22.85 for net wells. I get 13.7 net wells post farmout (60 wells) and a further 2.1 net wells from the farmout agreement (20 wells)

    Longhorn - 30 x 31.9% = 9.57 net wells
    Sugarloaf - 9 x 15.7% = 1.41 net wells
    Ipanema - 3 x 36.4% = 1.09 net wells
    Excelsior - 18 x 9.1% = 1.63 net wells

    Total = 13.7 Net wells
 
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