My understanding of the gas component in PNG is as follows.
Informal estimated reserves - 1.20TCF & 20-30 million barrels of condensate.
Again assuming PNG pipeline proceeds.
Model for gas only
For this scenerio I have used $1.00 per thousand cubic feet (1MCF) for a recoverable in-ground resource valuation (right or wrong but for this exercise it won't matter too much) if anyone knows a more appropriate number could you please advise.
Total estimated resource 1,200,000,000,000/1000
Total estimated value of resource $1,200,000,000
Assume 50% recoverable (conservative) - $600,000,000
CVN share (15%) - $90,000,000
CVN shares on issue approx. 350,000,000 (fully diluted)
Value on a per share basis...25 cents
And even when money has to be raised (which could dilute us by 100%) - 12.5 cents still isn't too shabby.
- Forums
- ASX - By Stock
- CVN
- am i right?
am i right?
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CVN (ASX) to my watchlist
|
|||||
Last
16.0¢ |
Change
-0.005(3.03%) |
Mkt cap ! $286.2M |
Open | High | Low | Value | Volume |
16.5¢ | 16.8¢ | 15.8¢ | $1.111M | 6.869M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 2236897 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 1554760 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 2219920 | 0.155 |
16 | 1089094 | 0.150 |
6 | 491088 | 0.145 |
3 | 395100 | 0.140 |
3 | 57001 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 1554760 | 6 |
0.170 | 410087 | 9 |
0.175 | 536889 | 9 |
0.180 | 1366600 | 12 |
0.185 | 2081021 | 14 |
Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
Featured News
CVN (ASX) Chart |