EPR 0.00% 0.7¢ essential petroleum resources limited

west triton rig spudding fermat-1, page-28

  1. 93 Posts.
    Andres

    From epr's last Q activity - Cash at the end of the quarter, 30 September 2008: $1,697,000. No debt.

    ADD

    What you think ew’s $ value is for “estimates proved reserves of 1.5 BCF and proved plus probable reserves of 2.1 BCF. A further 4.5 BCF gas resource is estimated in an adjacent fault block”.

    Subtract

    This Q’s cost and assuming Ronstieb's $2m cost estimate is correct

    Equals IMO there isn't too much needed to farm out or raise to cover the Fermat costs.

    I would interested in comments from those that disagrees with the above.

    Good luck to all holders

    BB
 
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