i know this has probably been said a million times in the lead up, but once again i find myself scratching my head over the numbers...
now we have pretty much confirmed that we are taking 40% of 2400bopd, which equates to 800bopd
and we know that oil is cheap at $AU80 right now.
so, once more, the bleeding obvious:
on 300 good days we would be profiting around $8.5mill pa
and using current typical PE of 9 for oilers, we ought have A mc of $76mill
or closer to 10c shareprice.
its mad out there. its like people are flocking to anything except proven fundamentals.
i should just sell up and by some more shares in explorers.
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- 800bopd not good enough, eh?
800bopd not good enough, eh?, page-5
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