2P Reserves is 52.4 mmboe, deal is A$196.3mm for 60% = 196.3/(52.4*60%) = A$6.24/boe
Total deal is A$205.3mm (with added A$9mm bonus) for or 60% of all of licence P2607, = 205.3/0.6 = $342.2mm gross valuation.
Total shares on issue = 2,292,682,127 + 500,000,000 soph placement + 18,750,000 Director placement = 2,811,432,127
Values HHR P2607 Licence at $342.2/2,811.4 = 12.2c
This then excludes any existing cash, potential new blocks, intrinsic value of the company etc, which I put a +1.8c value to and get my 14c
Ann: Transformational Farm-Out Agreement Executed, page-29
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Last
0.7¢ |
Change
0.001(8.33%) |
Mkt cap ! $18.25M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.6¢ | $12.29K | 1.967M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 12532637 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 7573252 | 10 |
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