seems mr mkt is indifferent to the unit 1B numbers - not surprised, also didnt like the delay in drilling (almost 2 weeks for 75m), and agree with @Smiteoff - looks like MAY is our month as I predicted many months ago.
What mr mkt hasnt priced is this:
so, assuming 5k p/d upper sheet + 40k p/d lower sheets = 45k boE p/d = 16.4 MILLION PER YEAR.
30% = ~5MMbbl NET TO MAY each year
for comparison:
KAR (MKT CAP AUD $1.7BN) PRODUCES 7MMBBL PER YEAR with only 152MMBL IN 1P+2P+3P NET RESERVES....
BPT (AUD $4BN MKT CAP):
rough valuation:
1) BASED ON KAR: 5/7 * $1.7bn mkt cap = $1.2bn MAY MKT CAP
2) BASED ON BPT: 5/20 * $4bn mkt cap = $1bn MAY MKT CAP
AVG = $1.1BN MKT CAP
and there you have it folks....the prized ~$1bn mkt valuation.....!
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2.6¢ |
Change
-0.001(3.70%) |
Mkt cap ! $87.62M |
Open | High | Low | Value | Volume |
2.7¢ | 2.7¢ | 2.6¢ | $40.62K | 1.529M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 318747 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.8¢ | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 318747 | 0.026 |
9 | 911058 | 0.025 |
10 | 2149035 | 0.024 |
11 | 2487925 | 0.023 |
5 | 1383637 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 294071 | 4 |
0.030 | 1280000 | 6 |
0.031 | 442661 | 2 |
0.032 | 1503548 | 6 |
0.033 | 66600 | 1 |
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