GREY:SCSZF - Post by User
Post by
iaminvestoron Feb 28, 2013 1:27am
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Post# 21052910
EPM: 700 boepd (60% oil), EV= $280M
EPM: 700 boepd (60% oil), EV= $280M EVOLUTION PETROLEUM (EPM)
700 boepd (60% oil) drilling in Mississipian Lime
EVOLUTION has EV=$ 280 M although:
it produces ONLY 700 boepd and
it has LESS THAN HALF the funds from operations of SCS.
SCS produces 2,300 boepd (75% oil) and has EV=$130M