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2.00% 4.9¢ central petroleum limited

dj carmichael report, page-7

  1. goro5
    2,150 Posts.
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    20/11/12
    12:13
    Post #: 11082957
    Just a quick calculation of Oil price x reserve booking of 10million barrells divided by shares on issue gives me a much higher SP than 43c, even if i cut the figure in half for production costs etc i still have a higher figure...

    Anyone with better industry knowledge and mathematics wish to crunch some numbers on the expected 10million reserve booking...
    CTP Price at posting: 82.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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