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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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($) | Vol. | No. |
---|---|---|
2.4¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 1170696 | 0.023 |
5 | 500002 | 0.022 |
6 | 2563257 | 0.021 |
5 | 1760000 | 0.020 |
3 | 955000 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 439168 | 2 |
0.026 | 199998 | 1 |
0.027 | 40000 | 1 |
0.028 | 41666 | 1 |
0.029 | 200000 | 1 |
Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
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