General Thoughts, page-1182

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20/09/23

06:47

Post #: 69925871
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Originally posted by suzywong: ↑

I believe that valuation is based on a 5 billion barrel discovery and assuming a US$20 per barrel in ground value.

So 1 billion net to PCL (who will hold 20% free carried) at US$20 a barrel.

For US$20 billion
or AUD$30 billion

Divided by 8.5 billion shares on issue

Equalling $3.50 a share ?? ($3.52 to be exact, or $3.513 as the Euroz note)

Obviously this is at the extreme end of the potential and the analyst is making a pretty big assumption that a oil discovery is worth US$20 a barrel in ground.
But for those that haven't read the research note there is a smaller case and best case scenario depending on barrels discovered, value per barrel and $USD forex etc etc.

So it could be 500m barrels or 1 billion barrels.
(Or Zero Barrels !)
(Or 10 billion barrels !)

And maybe it's only worth $5 per barrel in ground ... who knows.

Regardless, these are extremely large numbers being thrown around and the hype around this drill will only get larger in the coming months.

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Thanks for the report. Just had a look and if I'm not mistaken, the blue sky figure is 35c rather than $3.50 etc. Still plenty of potential upside

PCL Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $93.57M

Open	High	Low	Value	Volume
1.1¢	1.3¢	1.1¢	$166.9K	14.18M

Buyers (Bids)

No.	Vol.	Price($)
5	3698450	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	7846983	5

View Market Depth

No.	Vol.	Price($)
5	3698450	0.011
27	18060700	0.010
19	11770802	0.009
19	4532862	0.008
6	2159691	0.007

Price($)	Vol.	No.
0.012	7859752	5
0.013	7225550	12
0.014	2450242	6
0.015	1783000	5
0.016	7212	1

Last trade - 14.20pm 30/06/2025 (20 minute delay)

PCL (ASX) Chart

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