A$10/bbl NPV basis would be better. A starting guesstimate for recovery (= saleable) bbls would be 30% (??) -> P50 950MM STOOIP * 30% * 15% FAR share = 43 MMSTB ~ $0.16 (using 2700 MM shares).
Given the now upgraded value of the rest of the Senegal acreage (no longer moose pasture) I reckon the current market price is low especially if you take into account a $0.03 "base" value. I've put my money where my mouth is this morning and bought more at $0.13 - taking a punt on the other prospects and upside volumes. 50-50 though - volumes could disappoint on the downside and recoveries could be much lower if the various sands don't connect.
My uninformed opinion only - DYOR
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Last
49.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.20M |
Open | High | Low | Value | Volume |
49.5¢ | 50.0¢ | 49.5¢ | $19.19K | 38.76K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 53135 | 49.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 357 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 53298 | 0.495 |
2 | 29755 | 0.485 |
4 | 89930 | 0.480 |
2 | 70000 | 0.475 |
2 | 78150 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 357 | 2 |
0.505 | 14917 | 2 |
0.510 | 129688 | 3 |
0.520 | 79910 | 2 |
0.525 | 30000 | 1 |
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