Just reading the economics slide in the presentation which look pretty good to me.
Poland costs $1m to acquire , has had US$9m spent on it already for the sellers 24% for drilling and testing to de risk it.
Cossack then spends circa $1.2m to frac it out and tie it in to production to get cash flow of $8m to the company for around 20 years and then on the full field it is cash flow of $38m !!! And thats using 1.6mcf per day, they already flow tested 1.4mcf per day from 1 zone and we are about to open up ALL of them so the numbers will probably get a lot better
You could debt finance the field development if you tie in production on this upcoming well
Pretty darn good I reckon with a market cap of $10m and a farm out looking as though its on the cards for Ukraine
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- poland $2.2m spend = $8m to $38m cash-flow
Just reading the economics slide in the presentation which look...
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