OIP 0.00% 4.3¢ orion petroleum limited

stars aligning for a casino of oil

  1. 17,111 Posts.
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    Ok so not actually drilling in Casino, but it is northern NSW so it does count. I think this was spun out of ESG.

    Very high risk - you know what happens to oilers when the dust blows. And I believe this is the first time these areas are being drilled.

    Cap ~22, cash ~20, Options 113@30, Top20: 63%.

    97% PEL6 Onshore NSW: Unrisked 40mbo/155bcf: Willaroo-1.
    Willaroo-1 well should have commenced.

    Earn 75% PEL427 Onshore NSW.

    Earn 60% PEL428 Onshore NSW.

    PEL455 Onshore NSW.

    PEL8 Onshore NSW: Unrisked 100mbl/60bcf: Nyngynderry-1 next well to be drilled.

    PEL422 Onshore NSW: Unrisked 700bcf.

    PEL424 Onshore NSW: Unrisked 2tcf.

    PELA73 Onshore NSW.

    DYOR!
 
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