OTCPK:EDEYF - Post by User
Comment by
jamesiebabieon Jan 10, 2014 1:58pm
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Post# 22078961
RE:RE:strngth on the buy side...
RE:RE:strngth on the buy side...from another poster on another bb,
the 3.5x's return on investment is what bowled me over, this means they're very low decline rates and should just keep on chugging out the oil for years to come. I'm in Empyrean Energy, and Marathon Oil the operator are forecasting 100%+ ROI's for their condensate wells, so a well costing $8mln will payout the costs plus another $8mln, put that into Edge perspective these would payback $28mln for an $8mln investment!