If you’re generating 700 million a year in revenue you get 30 percent of that which is 210 million in annual revenue. From that around 40 percent of that is remaining after expenses which is around 80 million in profit. 7 times multiple is given for oil and gas companies so the market will be around 560 million so around a 12-14 cent market cap but that’s at around 25000 barrels produced daily
Your current market cap is a reflection of 10000 barrels daily production. But as we know the market is the future so on positive news in the period ahead and if there is potential of 25000 barrels daily production 12-14 cents coming in.
Ann: Operations Update - Block 9, page-240
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Last
3.5¢ |
Change
0.002(6.06%) |
Mkt cap ! $117.9M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.6¢ | 3.3¢ | $577.5K | 16.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1018559 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 1521853 | 6 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MAY (ASX) Chart |