as requested ..., page-9

For those of you who enjoyed Blue Griffins great post - here is another simplistic angle to perhaps look at it.

There are about 70 oilers on the asx that have any revenue. I ranked them in order of revenue highest to lowest based on their last ANNUAL report revenues. Made a wild assumption that all revenue is from oil and took a $54 aussie a barrel across the board for all to back calculate a rough bopd for each.
OK - I know this is very rough as not all revenue is oil and not all potential oilers are producing yet and the $ they each receive per barrel will depend on a lot of variables - but for this exercise that is what I have done. No consideration here either of comparing other assets and reserves.

I then removed anyone that had a production of less than 100 barrels a day and this left 32 companies.

Current Nido came in 39th with 39 bopd (more than this I know - but just pretend for now)

Couldn't get the formatting to work but here are the results - use your imagination to read it - 5 columns...

1. Stock code
2. Revenues
3. Revenue Rank
4. bopd (ie Revenues/365/$54)
5. Market Cap (excluding options unconverted)

Based on Nido share of Galoc being approx 22% of 12,000 giving 2,640 bopd - annual revenues of about $52,000,000 and considering the data in the list below then what ballpark figure for market cap might it get? Then divide that by say 650million NDO shares and work out a potential price.

Stock Renenues Rev Rank bopd Mkt Cap ($mill)
WPL 3,668,338,000 1 186,116 18,520
STO 1,793,600,000 2 90,999 6,360
OSH 538,082,033 3 27,300 3,007
HDR 202,898,000 4 10,294 1,339
TAP 128,779,000 5 6,534 332
IOC 91,372,144 6 4,636 82.6
ARQ 67,287,000 7 3,414 388
PSA 54,534,000 8 2,767 127
BPT 40,647,000 9 2,062 191
ROC 39,265,000 10 1,992 333
BSO 35,997,000 11 1,826 109
AWE 35,502,000 12 1,801 628
SPP 33,181,000 13 1,683 ?
MAG 27,363,000 14 1,388 29
AZZ 21,149,262 15 1,073 79
STU 14,846,000 16 753 58
AMU 14,687,000 17 745 117
NZO 12,876,937 18 653 109
NWE 8,768,441 19 445 28
PPP 7,639,000 20 388 30
MOS 7,205,624 21 366 78
HZN 7,098,000 22 360 61
LIO 6,912,068 23 351 11
COE 5,788,868 24 294 35
DLS 5,532,090 25 281 22
MPO 3,964,280 26 201 10
VOY 3,545,109 27 180 36
AUT 3,241,756 28 164 24
SGL 2,993,000 29 152 168
FAR 2,716,334 30 138 19
BUY 1,968,480 31 100 13

NDO 775,404 39 39 37