OPL 0.00% 2.7¢ opyl limited

still looks cheap...

  1. 172 Posts.
    Had another look at the latest presentation and if you run the math OPL is still a steal at these prices, hence why sell-side has dried up.

    Sledge Hamar: 30mmbbls @ 10% xA$15/bbl =A$45mn
    Mc Cormack Road: 1Bcf @ 50% xA$3/Bcf = A$1.5mn
    Cash in Hand: A$3mn

    Hence OPL should theoretically have a market cap of A$49.5mn or 37 cents per share! This excludes all the juicy exploration / development upside to follow.
 
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2 100017 2.6¢
 

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