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2.15% 9.5¢ adx energy ltd

Well, here is an estimate based on the latest data.If we use the...

  1. VatreniHR
    2,290 Posts.
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    18/03/24
    12:16
    Post #: 72938835
    Well, here is an estimate based on the latest data.

    https://hotcopper.com.au/data/attachments/6038/6038720-7e15ab3fa0a347fe92ad70df11c36c1e.jpg

    If we use the 2024 price of $9.4 USD per MMBtu as per the ADX presentation slide, we can arrive at the following figures:

    807BCF (best technical estimate) = 838,473,000 MMBtu

    838,473,000 MMBtu x $9.4 USD = $7,881,646,200 billion USD.

    Currency conversion: $7,881,646,200 x 1.50 (USD to AUD conversion) = $11,822,469,300 billion AUD.

    Deduct 25% for partner MCF Energy = $2,955,617,325

    Remaining to ADX: $8.86 billion AUD

    At $57m market cap, its nice exposure to have.

    ADX Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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