88e based on aurora model7 Jul 2018 20:09
Dw has based 88e strategy on aurora oil company. In 2011,aurora had market cap of A $28 million. From 2005 to 2014 aurora gained early entry in to eagleford.
In 2014 aurora was sold for A $2.6billion,it had assumed debt of A$800 million. Oil price in December 2014 was $62/bbc Brent. Aurora had net reserves 166 million be on 22,200 acreage.
88e/ bex have 470,000 (301,000 net to 88e)
& no debt.