According to the EH chart for every billion barrels of oil (at a $10USD in-ground value per barrel) the share price should be 35.1 cents AUD per share so using the EH methodology 3.6 Billion Barrels would be 3.6 x 35.1 cents = $1.26 AUD
It may be Sh1n3 is using a different formula and a different in-ground value to translate 3.6 Billion barrels of oil to a MC of $1.75B
But you cannot argue MC / SOI = SP so if the MC is $1.75B and there are 9 Billion SOI then the SP will be 19.4 cents, and no need to convert to AUD because the MC is already in AUD.
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Last
1.1¢ |
Change
0.001(5.00%) |
Mkt cap ! $85.43M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $5.884K | 576.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 17348571 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 4952520 | 6 |
View Market Depth
| Last trade - 10.54am 27/06/2025 (20 minute delay) ? |
| PCL (ASX) Chart |