Comments GGPs share of the Fausse Point potential hydrocarbon resource is approximately 1.8 million barrels of oil equivalent which at $50 per barrel (current US oil prices around US$ 72 per bbl) provides potential revenues of over A$0.10 cents per share in value to GGP shareholders. These estimates are based on the potential oil resource at Fausse Point of approximately 7.4 million barrels of recoverable oil at P50 level and potential gas resource of 24.2 billion cubic feet of gas. The Fausse Point project alone provides a significant upside to the current share price.
VIL Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held