It's far more complicated than saying a resource is worth $X per barrel in the ground as an average.
Desirability of location, characteristics of the rock, oil/gas mix content, infrastructure near by, breakeven prices for the basin - the list goes on...
Some locations/basins have seen values well over $10 a barrel in the ground.
Summary of BRK, page-117
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Last
48.0¢ |
Change
-0.020(4.00%) |
Mkt cap ! $45.82M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.0¢ | 48.0¢ | $22.75K | 46.52K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 29079 | 4 |
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| Last trade - 15.22pm 18/11/2024 (20 minute delay) ? |
| BRK (ASX) Chart |