General chit chat thread., page-4848

Hi @Wonkers:

I have created a corrected version of the results you obtained from the AI software. I hope you will find the following more representative?

. Net ValueCalculation for ASX:EXR (Elixir Energy)

• 2C Contingent Resource: 2.6 tcf
• Shares on Issue: 1.4 billion (current), 1.7 billion (anticipated future)
• Current Share Price: $0.029 AUD
• Wallumbilla Hub Price: $AUD 10/GJHowever, forward prices (re: ACCC) for 2025 are projected to average $AUD 15.26/GJ.
• Conversion:1 tcf ≈ 970 million GJ (incorrect!)1 mscf equiv. to 1.0551 GJ (i.e., at standard conditions, 14.7 psia and 60 deg F). The 1.0551 GJ for each mscf natural gas is a nominal conversion factor, which accounts for the variation in gas composition of different gases.
• Therefore, 1 Tscf (or 10^12 scf) is equiv. to 1.055 billion (or 1.0551×10^9) GJ.
• Recovery Factor: 20% (only 20% of resource is assumed recoverable)

Calculation:

• Recoverable Resource: 2.6 tcf × 20% = 0.52 tcf
• Recoverable GJ: 0.52 ×1.0551×10^9 GJ ≈548.7 million GJ
• Apply a nominal discount factor (time value of money) at 33%
• Net Resource Value: 548.6 million GJ × $AUD10/GJ × 33% DF =$1.81 billion AUD
• Net Resource Value per Share (current):$AUD 1.81 billion / 1.4 billion = $AUD 1.29 per share
• Net Resource Value per Share (future): $AUD 1.81 billion / 1.7 billion = $AUD 1.07 per share
• Possible take-over price: (current) = $AUD 0.65+ per share.
• Possible take-over price: (future) = $AUD 0.53+ per share.

2. NetValue Calculation for ASX:OMA (Omega Oil & Gas)

• 2C Contingent Resource: 1.7 tcf
• Shares on Issue: 343,127,205
• Current Share Price: $0.30 AUD

• Wallumbilla Hub Price: $AUD 10/GJ However, forward prices (re: ACCC) for 2025 are projected to average $AUD 15.26/GJ.

• Recovery Factor: 20%

Calculation:

• Recoverable Resource:1.7 tcf × 20% = 0.34 tcf
• Recoverable GJ: 0.34 × 1.0551×10^9 GJ ≈ 358.7 million GJ However, the market is currently awaiting an update regarding the Canyon oil reservoir and other gas condensate reservoirs’ contingent resource volumes. I think it would be better to value the oil-bearing reservoir separate from the gas condensate reservoirs.
• Apply a nominal discount factor (time value of money) at 33%
• Net Resource Value: 358.7 million GJ × $10/GJ × 33% DF = $1.18 billion AUD
• Net Resource Value per Share: $1.18 billion / 0.3431 billion ≈$AUD 3.44 per share
• Possible take-over price: (current) = $AUD 1.72+ per share.