Thought it might be fun to have a play around with some stats, please take the following with a grain of salt!
In PVD's two well Mazagan farmout, assume a probability of a commercial oil find at Toubkal of 25%. Assume a probability of a commercial oil find at the follow up target of 20%.
Hence, probability that both wells are dusters is 0.75 x 0.8 = 0.6
Therefore, probability that any one well is successful is 1 - 0.6 = 0.4
Let's assume a successful strike at either well increases share price roughly x 10 in the short term, but dusters at both wells results in a drop of 80% in share price.
Hence, a $10k investment in PVD right now yields a 40% chance of turning that into $100k, versus a 60% chance of losing the majority to a value of $2k.
All of this ignores the fact that **on is looking quite promising based on nearby drilling this year and in the event of no success at Mazagan there is a good chance of share price recovery once the time finally comes to drill in **on.
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Last
0.6¢ |
Change
-0.001(7.69%) |
Mkt cap ! $16.85M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $6.607K | 1.101M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 14733482 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 1303991 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 14733482 | 0.006 |
28 | 7891110 | 0.005 |
15 | 8707000 | 0.004 |
6 | 6465666 | 0.003 |
5 | 6635000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 1303991 | 5 |
0.008 | 9057398 | 10 |
0.009 | 3577629 | 5 |
0.010 | 458710 | 2 |
0.012 | 4193752 | 1 |
Last trade - 12.01pm 04/04/2025 (20 minute delay) ? |
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AUK
AUMAKE LIMITED.
CEO Hai Yun Chen, Non-Executive Chairman Anthony Noble
CEO Hai Yun Chen
Non-Executive Chairman Anthony Noble
SPONSORED BY The Market Online