OEX 20.0% 0.6¢ oilex ltd

Albright Adam says hi, his thoughts, page-11

  1. 893 Posts.
    lightbulb Created with Sketch. 9
    That's right--approx 300mscfgd 73 & 700mscfgd & 40 bopd 73H or about 150BOEPD for 77H during
    water recovery. Thats Gross less declines of 40% = 90 boepd for 73H Oilex's net = 45% = 40 boepd
    at a generous 6/1 ratio.Your point is??????

    The only way this figure will be beaten is if 77H flows back greater numbers
    than these when/if the well is totally cleaned up. And I wouldn't be betting my house on that.

    GLTAH
 
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