As a noted point, the drillers actually need to retrieve $26 million (AUD) so if we maintain the 10% deal, the development actually should have been calculated as being worth $260 million (AUD).
Government takes their 20% and that would then leave $187 million (AUD).
That being the case:
* Cash settlement $15 million.
* Loba oil field $187 million.
* Cash in the bank $7 million.
$209 million divided by 260 million shares = 80c per share.
As a noted point, the drillers actually need to retrieve $26...
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Last
0.6¢ |
Change
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Mkt cap ! $16.85M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $114.7K | 19.11M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2150390 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 29988188 | 22 |
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| Last trade - 14.41pm 09/10/2024 (20 minute delay) ? |
| HHR (ASX) Chart |