CUE 5.00% 10.5¢ cue energy resources limited

jeruk oil discovery

  1. 39 Posts.
    I calculate Jeruk is worth about 60c to CUE

    Assuming $75M total well costs (2 deep wells, a couple of sidetracks and few production tests), back-in premium as announced by CUE, 400 million barrels recoverable (do your sums on the announced depths of top reservoir and DST-3 also no gas cap), so 60 million barrels net to CUE, and a $5/bbl profit after development costs.

    Just look what Chinguetti and Tiof worth to HDR, those are much smaller fields and they are in deepwater.
 
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