GREY:RNSFF - Post by User
Post by
allnrgon Mar 20, 2018 7:32pm
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Post# 27750060
Multiples
MultiplesThe key take away of the Chicontepec well result was the multiple that ROE increased from previous operators over a three fold increase in production on there first well at 180bbl/day...the benchmark from previous operators was 51bbl/day I think its fair to assume that some wells will come in lower & some higher but for easy math lets go with 150bbl/day and a X 3 multiple now apply a 3 multiple to there Chiapas blocks that they are about to commence work on and you will see the potential here...will post there 100% owned Chiapas properties for those unaware of the expectations