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6.25% 0.9¢ emperor energy limited

time for project valuation, page-10

  1. stockle_andrew
    2,672 Posts.
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    17/04/12
    17:04
    Post #: 9993951
    Hazzachops and affect, you're using OOIP figures (Original Oil In Place), the best prospective resource estimate for the Backreef area is 17mmbbl between 8 different prospects, the vast majority of that in two higher risk stratigraphic targets. The first two drills, Backreef and Blina have best estimates of 290k and 470k bbls respectively. If these are successful it does derisk the rest of the larger targets somewhat.
    OBL Price at posting: 6.7¢ Sentiment: LT Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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