HHR hartshead resources nl

Ann: Acquisition of HRL to Create New UK North Sea Gas Company, page-55

  1. 81 Posts.
    lightbulb Created with Sketch. 31
    On the day before the trading halt ANA was valued at AUD $ 12.7 Million (MM), and for the brief time trading was open on the day it halted it was valued at $18.6 MM, with ~$2.1 MM cash/cash equivalents on hand.
    STOCK PPS Valuation (in MM)
    508,772,127 * .025 = $12.7
    508,772,127 * .036 = $18.3

    When it opens again for trading, ANA will have about $8.6 MM in cash and an extra 1.3 Billion Shares issued to cover the CR and HRL purchase.
    (Note the effect of the dilution)

    STOCK PPS Valuation (in MM)
    1,808,772,127 * .025 = $45.2
    1,808,772,127 * .036 = $65.1
    1,808,772,127 * .050 = $90.4
    1,808,772,127 * .070 = $126.6
    1,808,772,127 * .080 = $144.7
    1,808,772,127 * .090 = $162.8
    1,808,772,127 * .100 = $180.9
    1,808,772,127 * .120 = $217.0
    1,808,772,127 * .150 = $271.3

    So how much is it worth now with only 2C reserves and not 2P, or, probably more importantly, how much would someone else pay to take ANA over?
    From their presentation:
    217 BCF of Natural Gas in Phase 1 times (price per unit of Gas LESS COGS per unit), for first gas flow 3.5 years from now, flowing at about 20mmboe/day so it will take years to get the total amount, less NPV of say 5%, discounted by Commercial Chance of Success, discounted by the added CR/dilution in May 2022 and CR again prior to production?


 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
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
Last trade - 12.01pm 04/04/2025 (20 minute delay) ?
HHR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.