Post by
JeffreyS on May 13, 2022 3:33pm
Axe Gross oil revenues
To All:
Assuming Axe's Marwayne project produces 1,000 BOE per day. Assuming $100 per barrel. Gross is 365,000 barrels for the year at $100 per barrel or $36,500,000 per year. Minus the 7.5% Royalty to the landowner. That means Axe will gross $33,762,500 per year.
Anyone have any thoughts on Axe Market Valuation at that type of run rate?
Comment by
Eigen337 on May 13, 2022 3:54pm
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Comment by
Eigen337 on May 13, 2022 4:28pm
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Comment by
Eigen337 on May 13, 2022 7:26pm
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Comment by
Eigen337 on May 13, 2022 7:31pm
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Comment by
Saskisnow on May 13, 2022 5:54pm
What about this? I posted a while ago, was hoping someone could verify or not. "Of the 41,601 total producing oil wells in Alberta in 2014, only 364 wells in the entire province (or less than 1%) produced 20 cubic metres (125.8 barrels) or more per day." Source: Open Alberta