bruutz Take the time to read the presentation and look at the...

bruutz
Take the time to read the presentation and look at the assumptions

1- all there wells will be productive
2 - personal will need to increase - higher admin costs but they don't at how they will be funded
3 - look at the cumulative production rates and see how most wells produce 20k-30k after 3-5 years of production - that shite!
4 note they only look the productive wells - ignore the dusters
5 over 1000 wells ( how much over who knows ) to produce 15.5 barrels of oil . Pretty crappy averages

Tell me how on earth they will pay for 6 new wells if cumulative production rates are so dismal . Remember they have to pay for wells and pay for salaries - 6 new wells and salaries will cost at least 7 m aud over 12-15 months - net cash flow from these existing 3 and wells may generate 1m per annum at absolute best
It's a shocking business model

Note the assumptions in a couple of spots that drilling wells depends on access to capital

Bruutz - what is positive from above.