As a matter of interest, P168 in the Waarre formation has a gas-condensate ratio of around 50barrels/mmcfg. If we get 7-8mmcfg/d, we should be looking at about 350-400b/condensate.
Recalculating annual revenue, we could have about $22m!
A couple more wells like this on trend and the cash-flow is there for the big offshore targets.
Time to crack a beer I think!
Congratulations all, we could just have a big winner here.
In for the long haul!!
Antman
EPR Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
