Basically this well will do 2,500 to 5,000 mfcd So it is the same as 6 - 12 GalPeg wells. So therefore if GalPeg is due to do $16m USD revenue (from the current plant at 2,500mfcd), then this one well will do approx. $25m USD.
The release also makes mention they also have room to add another well in the nearby location.
Together Galpeg @ $8m (USD) net of rev share with H One, and this @ $25m USD, we have circa $33m USD revenue currently within scope. This is $53m AUD or a 20 cent share price approx the other well at Bubba State 3 is expected to achieve circa 2,500mcfd as per previous release, so given the above, there is no way to not to assume that this will add another circa $16m USD. Which takes BNL up to $78m, or a SP of 30 cents sp...
I also havent included the $3m USD from Co2...
With revenues of this nature, I can't see why a cap raise is needed, any bank would supply funds based on these numbers.
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Ann: Ma State 16 Initial Test Results, Lincoln County, page-8
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.82M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.5¢ | $576 | 111.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
33 | 7961805 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 3582975 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
33 | 7961805 | 0.005 |
21 | 19675411 | 0.004 |
11 | 16810668 | 0.003 |
6 | 20032500 | 0.002 |
4 | 27405000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 3582975 | 7 |
0.007 | 7124507 | 16 |
0.008 | 12240329 | 29 |
0.009 | 3930033 | 11 |
0.010 | 3983855 | 7 |
Last trade - 12.25pm 25/06/2025 (20 minute delay) ? |
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