A purchase at this price will give an effective PE of near one once 5-6 wells are on line, which will not be long.
Given they are likely to make between $100K and $400K per well per month (say ave $200K), they get back about $US2.4 million = $A 3 million per year. With six wells they could very well have revenue equal to the current MC
Given a PE of about 6-8 for oilers one would think this would mean a re-rating to about $1.00 just for this plus another 50c for future upside potential.
Bring on BUR as a 10 bagger.
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.30M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24999 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 689205 | 4 |
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| Last trade - 16.12pm 02/08/2024 (20 minute delay) ? |
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