Speaking of market caps, another oil play l own, CVN has a 20% stake in Dorado, which is 80% owned by Santos and is CVN's big play. Dorado is also located in offshore WA with a best estimate of contingent resources of around 150mmbbls in the first phase. Subsequent phases are expected to unlock substantially more than that, however Santos has indicated the option to develop a more gas-intensive second phase at Dorado could be five or six years after the first phase becomes operational. So at 20% CVN stands to reap 30 mmbbls in this first phase.
IPB's best estimates at Idris is 168 mmbbls, but lets go with a conservative 80 mmbbls, at 50% - that's 40 mmbbls.
CVN has a market cap of $415 million which l believe will go far higher.
IPB has a market cap of $9 million.
If this funding is secured, their future is also secured and the true value of IPB will be multiples of where it is today.
DYOR.
- Forums
- ASX - By Stock
- IPB
- Ann: Update WA-424-P Farmout & Funding
Ann: Update WA-424-P Farmout & Funding, page-18
Featured News
Add IPB (ASX) to my watchlist
|
|||||
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.532M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 5919984 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 1200000 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 5919984 | 0.005 |
6 | 2565280 | 0.004 |
4 | 2933333 | 0.003 |
3 | 3900000 | 0.002 |
1 | 2000000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 1200000 | 3 |
0.007 | 12096435 | 11 |
0.008 | 142857 | 1 |
0.010 | 7154765 | 4 |
0.011 | 1257140 | 2 |
Last trade - 16.12pm 05/09/2024 (20 minute delay) ? |
Featured News
IPB (ASX) Chart |
Day chart unavailable