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0.00% 0.6¢ golden gate petroleum ltd

Interesting announcement 6M Barrels Of Oil Reserves and a given...

  1. strauss
    22,120 Posts.
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    02/02/13
    12:29
    Post #: 11369274
    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
    GGP Price at posting: 10.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 15  Upvote
    lightbulb Created with Sketch.  Great analysis
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