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2.30% 8.9¢ rocketboots limited

150 m usd cash - 163 aud, page-17

  1. danpech
    1,109 Posts.
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    03/05/14
    01:32
    Post #: 13319201
    According to KINA pet ( KPL ) the gas conversion ratio used by HZN is 6 BCF equasl 1 million barrels of oil.

    To be price equivalent to oil at $100 per barrel, each BCF has to sell at $16 per MCF... fat chance of that happening...not happy with this revelation








    cheers

    Dan
    ROC Price at posting: 48.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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