protected species, page-5

ball park NPV of 500million after dilution, equity share, costs of acquisition, operating costs and capex is around 30 cents per share for matinda
the market always discounts it for risk factors so it barely justifies current SP
it means if you dont get your speculative leases that everyone is anticipating CVI will go to the teens. either that or if there is a substantial uplift in the NPV.
i found it bizarre that the NPV was only 500million for 23 million barrels proven, but this is what has been stated to be a rough guesstimate.
thats my negativity for you, goodluck