OIP 0.00% 4.3¢ orion petroleum limited

finally - a bit of action, page-9

  1. 1,471 Posts.
    well roughly 3500BCF = 3500PJ
    so high end GIP estimate

    would roughly be 1750PJ to OIP (roughly 50%)
    and 3P reserves going for around $1
    therefore $1.75b


    but hey, this is all pie in the sky until the drillbit produces, they havent had any success yet



    should know first results around end March



    pretty low MC should they be sucessful and it is ESG as operator so thats a big bonus, free carried too.

    so cash should still remain greater than MC even after the 3 farm-in drills
 
watchlist Created with Sketch. Add OIP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.