Just done a quick calculation on the value of 200 bbls per day.
If you assume the flow lasts for 10 years and a price of AUD 100 per barrel, net say AUD 50 per barrel (generous) that = AUD 3.5 million per year, discount by 10% gives a current
NPV 10% of around AUD 21.5 million plus possible upside by way of increased flow rates and exploration etc
Current market cap = AUD 36 million.
Could be a good deal but the cost of some much possible potential in West Africa is it worth doing?
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Last
2.5¢ |
Change
0.001(4.17%) |
Mkt cap ! $17.54M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.5¢ | 2.5¢ | $1.501K | 60.04K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1431756 | 2.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 276399 | 2 |
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| Last trade - 15.29pm 14/07/2025 (20 minute delay) ? |
| CND (ASX) Chart |