BME black mountain energy ltd

Ann: Annual Report to shareholders, page-2

  1. 28,668 Posts.
    lightbulb Created with Sketch. 4987
    @christem posted some broker numbers on BRU to value Canning Basin 2C Uncon NatGas at between 2.5-4c/GJ
    (based on 2019 pricing, so at least upper end if not much higher)

    at 947.8171 GJ/TCF, for BME’s 1.525TCF contingent Uncon, that works out at $40.22-$64.35m.

    There are 55m listed shares out of 255m total (200m in escrow owned by holding company) so that should imply $8.67-13.87m to the MC of the listed shares, which are currently $7.15m MC at 13c/s … so SP should currently be between 15.7-25c
    + the 29.6 mmbbls 2C Condensate.

    DEC5B635-F95C-41E6-A332-21C574130B31.jpeg
    Last edited by CEOChair: 29/03/22
 
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