Hi I will admit to being a novice when it comes to all the oil jargon. My simplistic $ equation for the upper sheet using a recovery rate of 5% and $100 POO and 30% Tax:
2.5B BBL in ground,
125M BBL recoverable,
30% of 125M BBL =37.5M BBL owned by MAY,
37.5M BBL x $100 = $3.75B Gross and $2.62B Nett
Makes our current MC of $375M look extremely Cheap
Howie
Hi I will admit to being a novice when it comes to all the oil...
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Last
2.9¢ |
Change
-0.002(5.00%) |
Mkt cap ! $96.05M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.1¢ | 2.8¢ | $140.4K | 4.806M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 3731109 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 131178 | 5 |
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| Last trade - 15.21pm 16/10/2024 (20 minute delay) ? |
| MAY (ASX) Chart |