Ann: Block 9 Alameda 2 Appraisal Update, page-282

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Astrotrade

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15/08/23

14:05

Post #: 69347932
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Originally posted by sell30APRat142: ↑

This is one of the more spectacular dummy spits I've seen. Moveable (thus recoverable, thus saleable) onshore oil

90% of wells worldwide require some form of pumping to either make viable or increase rate. Almost all US onshore wells flow at lower rates than what Unit 3 testing implies.

From a market cap numbers point of view it's interesting that the market appears to have valued Amistad at ~$100M, given drop today is thereabouts. If it now (weirdly) values it at zero this implies a max value of 200M for Alameda and Marti. If there is still some residual value for Amistad allowed by the market via artificial lift then the value for Alameda and Marti actually drops by that implied value for Amistad.

But absolute worst value case for Amistad / best value case for Alameda & Marti is $200M for the following description (of just the Marti section):

"Before drilling of the side track could commence, oil once again started to flow into the well bore;probably due the reservoir pressure previously encountered at total depth exceeding the strengthof the ~250 metre cement plug that had been put in place."

I'm no Fields Medalist but that seems like a serious under-pricing to me.

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Please stop sugar coating.

The market as evidenced by the massive selling would suggest otherwise

MAY Price at posting: 7.2¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last 2.3¢		Change 0.001(4.55%)		Mkt cap ! $74.14M

Open	High	Low	Value	Volume
2.2¢	2.3¢	2.2¢	$27.32K	1.194M

Buyers (Bids)

No.	Vol.	Price($)
23	4791375	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	280008	3

View Market Depth

No.	Vol.	Price($)
23	4791375	0.022
6	683998	0.021
7	1870998	0.020
3	357947	0.019
1	25000	0.018

Price($)	Vol.	No.
0.023	280008	3
0.024	471130	6
0.025	2852013	12
0.026	1483723	7
0.027	100000	1

Last trade - 10.29am 24/06/2025 (20 minute delay)

MAY (ASX) Chart

Ann: Block 9 Alameda 2 Appraisal Update, page-282

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Buyers (Bids)

Sellers (Offers)