I’ve had a go at estimating profits by the end of the Mahato drilling campaign (ie post PB-13). Likely to be calendar Q4 this year. At current oil prices, and assuming each new well produces 600 bopd, I estimate total profits of ca $40 mn per annum pre-tax. That assumes no increase in gas prices from those in the latest reported quarter. That demonstrates the upside to the current share price.
Ann: Appendix 4D & Half Year Report, page-32
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10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $73.36M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $9.25K | 90.73K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 219063 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 150988 | 3 |
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