ROIP = 6.29? x A x NP x P x RF x HS x SF - Best left to the mathematicians and oil industry workforce.
Did they only do a 2m test to save money and time? One would think that the ground crew are old hats at this stuff and would know what they are doing...some of us here on HC and the ASX(talking about myself) are the ones that don't know what we are doing when it comes to well testing. Assumptions building on assumptions...we are all at different stages of our learning, hopefully an oil industry guru can join the chat soon and shed some light.
Personally, I'm in this because 330 puts a floor on the price long term, eventually I'll get my money back if it heads south from here, but may have to wait some time!?!
Holding...430B and all the other wells to be drilled are really at close to '0' risk considering the eventual returns from 330.
Hopefully, KJ can get back with a bit more of that good analysis on what is happening with this middle section?
ERH Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
