Just done a quick calculation on the value of 200 bbls per day.
If you assume the flow lasts for 10 years and a price of AUD 100 per barrel, net say AUD 50 per barrel (generous) that = AUD 3.5 million per year, discount by 10% gives a current
NPV 10% of around AUD 21.5 million plus possible upside by way of increased flow rates and exploration etc
Current market cap = AUD 36 million.
Could be a good deal but the cost of some much possible potential in West Africa is it worth doing?
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3.1¢ |
Change
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Mkt cap ! $18.17M |
Open | High | Low | Value | Volume |
3.2¢ | 3.2¢ | 3.1¢ | $2.526K | 81.47K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 40234 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.2¢ | 141681 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 40234 | 0.031 |
1 | 250000 | 0.030 |
2 | 344444 | 0.029 |
2 | 273000 | 0.028 |
3 | 367185 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 141681 | 2 |
0.034 | 97587 | 1 |
0.035 | 424200 | 4 |
0.036 | 197219 | 5 |
0.037 | 100000 | 1 |
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