The reason why I have bought some more this morning:
Quoted Securities Shares on issue = 82,750,000 ordinary shares fully paid at $0.20 each
312 barrels of oil per day at shocking-1 with 60% to AQO = 187
187 x $100 a barrel x 1 year = $6.8 m a year.
Current share price = $0.185 = $15,308,750
$6.8 / 82,750,000 = 0.08 c per share.
So with a moderate success of 312 barrels of oil per day = a share price in the region of $0.265
Thoughts on my rough calculations?
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