MOS 0.00% 16.5¢ mosaic oil nl

had a closer look at this one today

  1. 4,295 Posts.
    lightbulb Created with Sketch. 18
    I didn't realize how much cashflow they are pumping out of this one. Churchie 3 is producing at 6 terrajoules a day with no drop off in pressure, and has paid for itself in 2 months. If you can get $15 mill cahflow out of ONE well each year, think how much they can get out of 5 producing wells in Churchie. Santos are now pretty wide eyed about the whole thing,after being deeply sceptical about MOS's claim last year about Churchie being the largest discovery ever in the history of the area.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.