Agree but we only get paid for 2P and we need to drill wells for that. Table below shows theoretical evolution from exploration resource to 2C to 2P.
Looks like three distinct valuation phases. Valuation accelerates as 2P grows and unit valuation increases as well. Chart should be exponential.
Main factor is pace of drilling - 1-2 wells a year doesn't cut it - need 3-4 yearly for stock to perform to potential.
M&A happens when share price below NAV for current 2P + 2C.
Tamboran selling a ton of gas but no reaction. We are not alone.
Agree but we only get paid for 2P and we need to drill wells for...
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Last
9.6¢ |
Change
0.001(1.05%) |
Mkt cap ! $64.44M | |||
| Open | High | Low | Value | Volume |
| 9.5¢ | 9.6¢ | 9.0¢ | $58.54K | 641.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 9.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.6¢ | 7967 | 1 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
9.3¢ |
Change
0.001 ( 2.11 %) |
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| Open | High | Low | Volume | ||
| 9.2¢ | 9.4¢ | 9.0¢ | 169687 | ||
| Last updated 15.58pm 21/05/2024 ? | |||||
| BRU (ASX) Chart |