Excert from the ann below. Some fairly grunty numbers here!! Using the lowest (Contingent Mean Oil and Gas Resources) of 80mmbbls oil at $10 and 224bcf gas at $3m/bcf inground a net risked value is approaching $1.5b!! RIA cap post raising will be about $85m. These numbers could be doubled using different valn methods. Explains the interest today!! DYOR
Contingent Total Mean in-place Oil volumes is 250 MMBLS & Contingent Total Mean Contingent Oil Resources of 80 MMBLS Contingent Total Mean in-place Gas volumes is 218 BCF & Contingent Total Mean Gas Resources of 224 BCF (includes associated gas) Prospective Total Mean in-place Oil volumes is 409 MMBLS & Prospective Total Mean Resources Oil of 140 MMBLS Prospective Total Mean in-place Gas volumes is 760 BCF & Prospective Total Mean Gas Resources of 669 BCF (includes associated gas) Four significant under-appraised or un-appraised oil and gas discoveries are present. Five low risk exploration prospects are present. The
RIA Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
