ACN 0.00% 28.5¢ acer energy limited

"recoverable oil reserves currently 4 million =$546,520,000...

  1. 2,988 Posts.
    "recoverable oil reserves currently 4 million =$546,520,000 revenue" - that is assuming only 2-3% recovery.

    4 million barrels is what they have in FLAX as an estimate in 2005 before the LKO was dropped markedly and communication with Juniper confirmed - more likely 8-10 mboi from FLAX alone. Juniper is about 6 times the size of LAX so my guess is that they will eventually recover 50 million barrels plus at times when the price may be over $200 a barrel, for a likely total value of $5 - $10 billion, giving profits after around $500-$700 million drilling and production costs of many dollars per share over it's lifetime.

    IMO a $3-$4 share within 12 months.
 
watchlist Created with Sketch. Add ACN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.