No worries. I'd be very, very disappointed if there weren't 'multiple' trillions of cubic gas feet contained in PEL 315 and 398! I think 4tcf is a baseline to fast track development and >7tcf is where the real gravy lies. Lets get drilling!
With their government making a renewed push for ownership of commodities, a left field development could be a Chinese take away - either for KAR or SA assets. If BH is open to a complete sale at $15 (based on highest priced family oppies), I could see CNOOC being able to justify $15 even before a reserve is proven up - its an EV of $3b or about $3 per risked bbloe. However in 18 months with both browse and santos having reserves (plus Peru?), then a (say) 7tcf browse plus 500m bbloe santos would probably require in excess of $30. I'd give it a 15% chance that this stock could be a ten bagger from here w/in two years.
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$1.53 |
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Mkt cap ! $1.188B |
Open | High | Low | Value | Volume |
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5 | 173698 | $1.53 |
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Price($) | Vol. | No. |
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5 | 173698 | 1.525 |
5 | 68431 | 1.520 |
1 | 9200 | 1.515 |
11 | 400705 | 1.510 |
5 | 30920 | 1.505 |
Price($) | Vol. | No. |
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1.540 | 27704 | 5 |
1.545 | 12745 | 2 |
1.550 | 136423 | 3 |
1.555 | 59962 | 2 |
1.560 | 20694 | 4 |
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