Cash $2.5m
Odewayne Block 15% divestment $15m
Remaining 15% interest $15m
Ruhuhu Block 100% interest $2m (assumption)
Combined Tunisia Assets $15m (conservative assumption)
Nigeria $2m (conservative assumption)
WA-399-P 15% interest $2m (conservative assumption)
Total valuation = $53.5m (or 15c per share)
Current market cap @ 8.5c per share = $28.56m
Odd at what's going on.
Add to My Watchlist
What is My Watchlist?