@2020Mustang, As long as my assumptions are not too far off the mark, the 6,344 PJ from a pretty conservative selection of the Prospective areas, (Just the 2 Central "Low side" areas in the figure below), with an allowance subtracted for unsuitable areas, gives us enough 2P to give a fantastic return to shareholders
Selection table from the Model
Looking at the 6,344PJ (Green) compared with the 20% COS risked 2U (dark Blue) at 2PJ/Sq.km the (Blue) 30 Year GSA at 50 TJ/day should IMO be enough to interest prospective buyers in making an offer at say 50C/GJ.
Given the uncertain global geopolitical climate I am starting to think that rather than focusing on the maximum possible 2P that an accelerated 2P of say 6,000 PJ may be an astute balance between time related geopolitical risk and a more than adequate return to shareholders.
For this reason, I was supportive of the last capital raising exercise which took that risk off the table.
The above comment is just me thinking aloud & I would be very interested to hear what other shareholders think.
Regards
OGP
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Last
18.0¢ |
Change
0.035(24.1%) |
Mkt cap ! $215.3M |
Open | High | Low | Value | Volume |
16.0¢ | 18.5¢ | 15.5¢ | $4.010M | 23.45M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 399681 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 271156 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 305888 | 0.170 |
8 | 453500 | 0.165 |
10 | 271406 | 0.160 |
7 | 745357 | 0.155 |
9 | 662421 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 3500 | 1 |
0.185 | 514989 | 6 |
0.190 | 241086 | 9 |
0.195 | 222777 | 8 |
0.200 | 937658 | 10 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
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