Market cap AUD$48 million
Mazagan 23% cost PVD AUD$7 million (acquire & seismic)
This is based on Freeport backcosts to PVD of US$$15 million (AUD$16 million) for 52% of Mazagan.
Nkembe cost US$9 million (AUD$10 million) block purchase plus seismic & evaluation costs to date approx another AUD$10 million (my estimation based on quarterly reports).
Total approx $20 million spent in Gabon.
PVD has no debt (as just paid back the $2.4 million loan) and have approx $21 million cash.
So PVD's outlays on Moroccon asset plus Gabon asset plus cash = market cap.
Which means:
Freeports two well $215 million drilling program in Mazagan next year valued by the market at ZERO.
PVD's 23% of the 7 billion barrels total estimated prospective resource being targeted by Freeport valued by the market at a pathetic $7 million (cost price).
Nkembe 80% with a contingent 20 million barrel LOBA resource & farm-out imminent ($10 mil backcosts?) valued by market at at approx $20 million (cost price).
Madagascar - it may as well not exist!
I haven't got the money to be greedy but my snout is in the trough along with the share price!
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.66M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.6¢ | $6.645K | 958.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 11191676 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 8900135 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
28 | 11191676 | 0.006 |
25 | 7182599 | 0.005 |
8 | 5287749 | 0.004 |
2 | 3600000 | 0.003 |
2 | 4000000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 8900135 | 8 |
0.008 | 6271055 | 10 |
0.009 | 5733331 | 12 |
0.010 | 9816102 | 9 |
0.011 | 2020777 | 3 |
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