WBE whitebark energy ltd
Add to My Watchlist 0.00% ! 0.8¢

Ann: First Acquisition for 2018, page-7

  1. Joelsmith2452
    758 Posts.
    lightbulb Created with Sketch.  8
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    05/03/18
    12:52
    Post #: 31528480
    I based the NETBACK of $8 off the following

    PROFIT = $1,300,000 from 400BOE/DAY

    = 1,300,000/400/365
    =$8.90 profit/BOE

    Went with $8 for a nice round number
    WBE Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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