CND condor energy limited

positive info, page-31

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    Valuation Guide

    Including the two exploration permit applications, Statoil is taking stakes in about 8.45 million net acres, equating to its investing about US$24.85 per acre.

    This compares with Baraka's current EV/acre of about US$12.85/acre, providing BKP holders with significant upside potential.

    On this basis, there is valuation upside for Baraka of 1.93 x current valuation or around $0.024 - $0.027 per share.

    However, if comparisons with other companies operating primarily in unconventional basins in Australia are taken into account on an EV/acre basis: New Standard Energy (ASX: NSE) standing at about A$42/acre and Buru Energy (ASX: BRU) at about A$74/acre, then the upside equation looks even stronger for Baraka.

    Opportunities for early commercialisation may also exist in the conventional oil targets in the Hagen Member in EP 127, where a number of wells such as Elkedra-7, Randall-1 and Phillip-2 have which recorded good oil shows.

    Taken together, this demonstrates that the value ascribed to Baraka's assets by the Statoil farm-in is substantially higher than it is currently valued, providing BKP holders with significant upside potential.
 
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(20min delay)
Last
2.3¢
Change
-0.001(4.17%)
Mkt cap ! $16.13M
Open High Low Value Volume
2.4¢ 2.5¢ 2.3¢ $7.252K 310.0K

Buyers (Bids)

No. Vol. Price($)
9 1844330 2.3¢
 

Sellers (Offers)

Price($) Vol. No.
2.4¢ 100000 1
View Market Depth
Last trade - 16.10pm 18/07/2025 (20 minute delay) ?
CND (ASX) Chart
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