Interesting announcement
6M Barrels Of Oil Reserves and a given NPV of $205m = 7c
I'd say $120m AUD using the $20/bl value for reserves
Still $120m = 4c
Big issue here seems to be how do they get that oil out of the ground
Flow rates will be key but this could be another MAD if they can get the oil flowing
Definitely on the watch list
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Interesting announcement 6M Barrels Of Oil Reserves and a given...
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