I thought Magna will get 15% of the project for $6m and OEX will be down to 30%. The revenue and NPV are horrible, therefore the sp. NPV is not 10% of revenue.
Using Cambay 73 as a guide, 77H can flow multiple of times as it is fractured and horizontal. They said 4mmcfd to be commercial, I think it can flow twice that much to start with and can decline 40% on year. Don't know about oil. Just my thought. GLA.
OEX Price at posting:
18.0¢ Sentiment: None Disclosure: Not Held