I can see why people on LSE are saying this is worth AUD$5 per share because if we get a takeover from Conoco Phillips or the like for 88E then the buyer would have to pay between USD$5-$10 per barrel and 88E have approx 8 BILLION BARRELS across their 500,000 acres in Alaska namely Project Peregrine, Yukon, Umiat and off course the HRZ founded by Paul Basinki (Rest in Peace) who founded the Eagle Ford for Conoco Phillips. So assuming 8 Billion x AUD$5= $40B / 12.5B shares= $4.15 - AUD$8.30 PER SHARE This is just my sums DYOR
I can see why people on LSE are saying this is worth AUD$5 per...
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Last
0.3¢ |
Change
0.001(50.0%) |
Mkt cap ! $86.67M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $39.44K | 15.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 532 | 782991733 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 493356193 | 134 |
View Market Depth
| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| 88E (ASX) Chart |