GRL
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13.3% 1.3¢ godolphin resources limited

hi revenue

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  1. ronstieb
    6,352 Posts.
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    03/10/07
    11:25
    Post #: 2859013
    Flow rates will probably settle down a bit but only two of four zones online atm
    Just did some rough calcs from todays announced flow rates

    US Gas is selling for ~USD7/mcf or AUD7.70/mcf
    http://www.bloomberg.com/markets/commodities/energyprices.html

    15mmcuft/day x 7.70 =$115500/day
    250brls condensate x AUD90 = $22500/day
    Total = $138000/day or $4.14mil per month

    GRL 30% interest reducing to 25% after payback so initial revenue net to GRL would be $1.2mil/mth

    Market cap of merged EXR-GRL at 27cps is $41mil so $10-12mil revenue per year is not bad
    GRL Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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Last
1.3¢ 		Change
-0.002(13.3%) 		Mkt cap ! $3.422M
Open High Low Value Volume
1.4¢ 1.4¢ 1.3¢ $24.29K 1.760M

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No. Vol. Price($)
2 1386784 1.3¢
 

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Price($) Vol. No.
1.5¢ 42000 1
Last trade - 16.10pm 27/09/2024 (20 minute delay) ?
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