Good money after bad OR a reasonable proposition
Conclusion from Independent Expert:
The Wizard Lake Rex Oil Pool was discovered in 2019 by exploratory drilling based on interpretation ofwell logs from the Leduc drilling largely in the 1950’s. While the exact areal distribution, especially on theWestern margin is not completely defined the existing well control including the 3 three recent horizontalwells (Rex -1 to Rex - 3) show a thick; (12-15m), porous (15-20%), lithic channel with significant potentialreservoir volume and upside. Further information including additional drilling, modern log suites, core,and seismic control will further define what is already a significant discovery.
EV/EBITDA multiple by my calc is something like 3.7X, compares to industry average in the 4x to 8x range.
I hold and my sentiment is a buy - but I'm already behind on this one - keen to hear other considered / quantitative views. Lets see how good this forum can be.
- Forums
- ASX - By Stock
- Ann: Investor Presentation
Good money after bad OR a reasonable propositionConclusion from...
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WBE (ASX) to my watchlist
|
|||||
Last
1.1¢ |
Change
0.001(4.76%) |
Mkt cap ! $2.723M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $8.137K | 739.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 1532206 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 796114 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 1532206 | 0.010 |
4 | 477660 | 0.009 |
8 | 1526296 | 0.008 |
5 | 3300000 | 0.007 |
2 | 333335 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 796114 | 2 |
0.013 | 1203370 | 3 |
0.014 | 444709 | 3 |
0.015 | 946080 | 2 |
0.016 | 363800 | 1 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
Featured News
WBE (ASX) Chart |