Hi everyone,
Just crunched the numbers:
And this is for the one well - Borba.
I'm getting 9.2 cents cents valuation for XST on net share after royalty on discovery and recovery of report resource.
US$190 million (38 bcf) = 1.29 (exchange rate) x 375 =AUS$245.1million.
XST 2.674 Billion shares divided by AUS$245 million = 9.2 cents
Above is not financial advice and my opinion only
9.2 cents valuation on XST net share after royalty
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