Using a range of metrics and conservative multiples I get a blended fair value of 1.2 cents at current spot prices . If you put some kind of credibility on the growth strategy (more 2P reserves, modest drilling towards 5,500 a day, 4.5 X cash flow) and even a modest expectation of oil price rise, you get 2 cents fairly easily. This is the kind of short lifed Oil production the market is paying for at the moment, as long as drilling is cheap and not too extensive , we could be in a sweet spot for a few years.
9.5 billion shares, how will we trade: (RIP. Old Calima wiped out, maybe we sell it down the track for a token $20 mill to $40mill). A lot is going to depend on what spot oil price is doing come end of April , If oil price heavy we may struggle to trade much above 1.1 cents for a bit, if oil price still moon shoting as expected we may get some growth factored in, and 1.8 cents is not impossible for a bit, but consolidation 1.2/1.4 the more likely best case scenario.
It's all about the oil price , remember we do have 25% of production hedged
- Forums
- ASX - By Stock
- CE1
- Ann: MERGER WITH BLACKSPUR OIL CORP
Ann: MERGER WITH BLACKSPUR OIL CORP, page-34
Featured News
Add CE1 (ASX) to my watchlist
|
|||||
Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.700M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
CE1 (ASX) Chart |
Day chart unavailable
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, CEO
Paul Long
CEO
Previous Video
Next Video
SPONSORED BY The Market Online