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6.45% 2.9¢ condor energy limited

pre open, page-7

  1. Zinc
    2,243 Posts.
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    12/10/06
    14:09
    Post #: 1850020
    re: pre open heron spuds tomorrow Well at a high level, it the mean OIP target is 580M bbls and BKP has a 35% share and lets assume recoverability is say 30% and we put a value of A$10 per barrel then its worth $610m to BKP. I think they have around 350m shares after the recent placenment (not counting oppies) so lets say $1.75 per share.

    Fingers crossed

    Zinc

    BKP Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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