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
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