Karoon deep water GOM purchase or late might be more relevant .....
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02740743-3A630932
USD$720M purchase for 30% WI in assets producing gross 42,000 BOE (60% oil / 40%) gas - works out at USD$55k/BOE for the NRI
USD$720M purchase for net ~31MMBOE (2P) - works out at USD$23 BOE (88% oil 12%gas) - if we assume this is oil $25 BOE and gas @ gas $6BOE
OEL producing 1400 BOEPD (40% liquids/60% gas) - @ same BOE metric this would be worth USD$80M - ~AUD2.4c ....
OEL has 2P reserves of 4,797 (roughly 50/50 oil/condensate vs gas) this would be worth ~USD$65 - ~AUD2.0c ....
Think its fair to say current EV of USD~$20M might be selling us a bit short - current price of OEL BOEPD is around $15K (roughly 1/4 of what KAR for its assets while OEL 2P reserves are sitting around $4.5 BOE (roughly 1/5th of what KAR paid for its assets).
Karoon deep water GOM purchase or late might be more relevant...
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Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.3¢ | $9.1K | 700K |
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| No. | Vol. | Price($) |
|---|---|---|
| 14 | 12179048 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 15060860 | 16 |
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| Last trade - 15.54pm 03/10/2024 (20 minute delay) ? |
| OEL (ASX) Chart |