some simple figures on Galoc, West Linacapan & New Deal (as per yesterdays article).
Golac as per Blue's figures. i've just used recoverable reserves 25mmbls, which imo is about spot on.
Recoverable reserves @ 25mbls. 25mbls x 0.22279 = 5,569,750bls. 5,569,750bls x AUD$20 = AUD$111.395m. AUD$111.395m divided by 650m fpo = 17.13c per fpo valuation. ALSO IF YOU LIKE WE COULD USE 750MMSHARE ON ISSUE. WHICH WOULD EQUAL VALUE 14.8CENTS
WEST LINACAPAN 50MMBLS X 22.279%=11mmblsXAUD$20=AUD$220mm divided by 650mm=34cents or didvided by750mm=29cents
NEW DEAL (AS YET NO DETAILS, BUT LETS ASSUME IT'S THE SAME AS WEST LINACAPAN).
SHARE PRICE EITHER 34CENTS OR 29CENTS
just on the above you'd have share value:
Galoc 17.13cents or 14.8cents
West Linacapan 34cents or 29cents
New Deal 34cents or 29cents
if you add the share price with 650mm shares you get a total of 85cents
REMEBER THATS NOT INCLUDING COOL ENERGY OR NORTH SEA..
comments welcomed
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