Further to Deus’s reply 120mil is only really attributable to SM71 and 1 well at lightning only on an earnings multiple of 3.
So not only is it a free hit for all those Wells to come but the commercial aspect of GC21 has been missed also.
It also isn’t factoring any new multiple wells at a heavily de risked lightning either.
and by the way at a multiple of 3 it would still be one of the cheapest oil plays on asx (deserves a multiple of 5 or 6 once Finance is sured up).
Further to Deus’s reply 120mil is only really attributable to...
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.74M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $13.75K | 1.25M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3224113 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 4532067 | 7 |
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| Last trade - 10.15am 29/07/2024 (20 minute delay) ? |
| OEL (ASX) Chart |