Hi Ya,
Just to clarify, wasn't the broker talk that WPL would sell down 23% of Torosa (ie bring its overall share down to 21%)? Yes the range of broad range of numbers suggests that the reports shouldn't be taken as gospel but using these numbers suggest a much lower $2-3 $/boe figure. On UBS figures (assuming its 23% of the asset not WPL holding) the figure is 721mmboe for 1500m (or $2/boe) while the Citi figure works out to be 502mmboe for 1600m or $3.18/boe. This does seem too low to me but my understanding - I'm happy to be proven wrong - was that the brokers were talking about selling down project equity not WPLs share.
love a good broker report, page-6
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Last
$1.83 |
Change
0.015(0.83%) |
Mkt cap ! $1.466B | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.86 | $1.82 | $9.850M | 5.367M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 38837 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.84 | 22163 | 2 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |