hi folks,
In addition to Longtom, Auriga, Caelum and Crux, there are other assets which, when "recognised" by the market will add substantial value to the SP. It just a matter of time.
****Slide 18 of recent investor presentation:
Vic/P49 - potential for over 1000mmboe (!!!) with 80% to NXS. There is a rig already contracted to drill in 2010.
**** Slide 19
WA-368-P - 90mmbl Yngling prospect is due to be drilled in early 2010. With 50% to NXS, thats another 45mmbl. At$10/bl this represents an increase in value of $450M or an additional 68c/share, or say a discounted 50c/share.
**** Slide 17
WA-424-P - 100% owned Tristam and Gwydon fields. Even a low 20mmbl each will add an extra 61c/share or say a discounted 40c/share.
So in the horizon, here are some possibilities:
****2009
Right now we're at say 40c/share give or take.
Longtom sale happens
Crux Sale happens
Auriga is drilled
SP sometime this year = 60-90c?
****2010
Echuca Shoals further developed.
Dusky drilled
Yngling drilled
SP sometime this year = $1.50?
****2011
WA-424-P developed
Echuca Shoals further developed
Crux further developed
SP sometime this year >$2
****2012
Oil production starts.
SP sometime this year ??? more than 40c? :)
Anyhoo...obviously the above may not happen as written, but even if half does, surely you will all agree that purchases south of 50c represents exceptional value if we take a medium term outlook.
cheers all.
DC
DYOR - the above was just to amuse myself.
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19.5¢ |
Change
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Mkt cap ! $56.97M |
Open | High | Low | Value | Volume |
19.0¢ | 20.0¢ | 19.0¢ | $1.947K | 9.789K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8695 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 45449 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8695 | 0.195 |
1 | 16387 | 0.190 |
4 | 66783 | 0.185 |
4 | 98894 | 0.180 |
2 | 25714 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 45449 | 1 |
0.210 | 1298 | 1 |
0.220 | 4543 | 1 |
0.225 | 5000 | 1 |
0.240 | 41438 | 1 |
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