This is exactly what Calima needed - access to market. My only question is "Acquisition cost and performance bonds ~A$850,000" and "replacement cost A$85 million". There's a disconnect here even at fire-sale. Presumably the P&A costs will be reflected in future financials. I am not sure if I have the maths right but 10 years at 50 mmcf/day = 180 Bcf x $2.00/Mcf (being conservative) = $360M x 6% = $21M (I am very happy to be corrected here). Maybe this is why they are getting it for close to nil. Anyway, it is a means to an end and will create cash flow. Great opportunity. DYOR
This is exactly what Calima needed - access to market. My only...
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Last
12.8¢ |
Change
-0.003(1.92%) |
Mkt cap ! $80.71M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.8¢ | 12.5¢ | $2.171K | 17.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 20751223 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 4482111 | 38 |
View Market Depth
| Last trade - 15.32pm 03/05/2024 (20 minute delay) ? |
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Last
12.8¢ |
Change
-0.003 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 12.8¢ | 12.8¢ | 12.8¢ | 4900 | ||
| Last updated 10.02am 03/05/2024 ? | |||||
| CE1 (ASX) Chart |