Glad I keep you amused.
If they can increase 2P Reserves to say 100MMboe that would reduce the current market valuation of 1 Boe to $13.68 which is more in line with historical averages for the stock.
So the market is currently factoring into the share price either an increase in 2P reserves of 33% or an increase in the oil price of about 70% or a combination of the two.
2P Reserves History, page-35
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$1.27 |
Change
0.015(1.20%) |
Mkt cap ! $2.897B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.30 | $1.26 | $9.725M | 7.622M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 135823 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 50000 | 2 |
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