Doriemus - Re: DOR Stream Log - I take DORs 20% of...

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Re: DOR Stream Log

11:03 18/03/2014

sandgrounder

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I take DORs 20% of the 312bopd. Production cost $10, Oil $100/barrel, well working 350 days... easily clears Â£1,000,000+ profits. PE for oil producer I'd go 8. So very rough quick valuation of Â£8m+ just on Lidsey. So this share is really trading at discount IMO.

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