Basically this well will do 2,500 to 5,000 mfcd So it is the same as 6 - 12 GalPeg wells. So therefore if GalPeg is due to do $16m USD revenue (from the current plant at 2,500mfcd), then this one well will do approx. $25m USD.
The release also makes mention they also have room to add another well in the nearby location.
Together Galpeg @ $8m (USD) net of rev share with H One, and this @ $25m USD, we have circa $33m USD revenue currently within scope. This is $53m AUD or a 20 cent share price approx the other well at Bubba State 3 is expected to achieve circa 2,500mcfd as per previous release, so given the above, there is no way to not to assume that this will add another circa $16m USD. Which takes BNL up to $78m, or a SP of 30 cents sp...
I also havent included the $3m USD from Co2...
With revenues of this nature, I can't see why a cap raise is needed, any bank would supply funds based on these numbers.
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Ann: Ma State 16 Initial Test Results, Lincoln County, page-8
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.16M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 2750018 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 1872514 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 2750018 | 0.006 |
53 | 9359957 | 0.005 |
21 | 18097359 | 0.004 |
7 | 15575003 | 0.003 |
3 | 12580000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 1872514 | 5 |
0.008 | 7313698 | 17 |
0.009 | 2871493 | 10 |
0.010 | 3398069 | 9 |
0.011 | 71310 | 1 |
Last trade - 11.11am 30/07/2025 (20 minute delay) ? |
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