Hi All
I have done a new set of net figures for the near term wells and no regard for Deseree and Josaphine. I have reduced D & L3 oil production down to 300 bbl a day just in case they do not get the 400bbl per day they are expecting to ramp up to. I have taking into account the N I reduction number before working on the W Interest.
What I noticed that with West Klondike we have been given the size of the Reservoire but never the expected production rates. So if you use Lyons Point as a bench marke pro rata comparaism, then what seems exciting is that West Klondike if it comes in, is a a monster to GGE.
Now grab this with a lot of luck, if Lyons point and west Klondike come in and join Abita and D & L3 as producers, then GGE ...with a miserable market cap of only $15m, will generate gross income of $7.3m in a full operational all 4 well year.
Ann Ann Oil Gas
Well W I Oil Gas Res Res Net Income
Abita 15.0% 400 5000 0.5 8bcf 2.1
D % L 3 39.5% 300 1000 0.4 1.7bcf 2.2
L Point 5.0% 750 15000 3m 60bcf 0.7
W Kl 10.5% 500 1500 2m 6bcf 2.3
Total $7.3
I had to re look at the numbers folks because I started to have doubts but nup, this is building into a very very good story.
Flux
- Forums
- ASX - By Stock
- GGE
- west klondike a potential monster
west klondike a potential monster
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GGE (ASX) to my watchlist
|
|||||
Last
0.7¢ |
Change
0.002(27.3%) |
Mkt cap ! $14.66M |
Open | High | Low | Value | Volume |
0.6¢ | 0.7¢ | 0.6¢ | $18.25K | 2.999M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 683400 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 1045851 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 683400 | 0.006 |
15 | 11499972 | 0.005 |
14 | 11895010 | 0.004 |
5 | 3570009 | 0.003 |
8 | 5966112 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 1045851 | 6 |
0.008 | 4112867 | 11 |
0.009 | 2187500 | 8 |
0.010 | 345653 | 3 |
0.011 | 100000 | 1 |
Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
Featured News
GGE (ASX) Chart |