So if everything goes as expected, at $70 usd per barrel and $2.5 / Mcf for gas, they expect to profit a total of $111 million usd by the end of 2031. That’s about 160 million AUD ie 3.3c per share plus their existing 0.4c per share. So at the end of 2031 assuming things go to plan they should have 3.7c per share cash plus 40,000 BOE per month remaining production. This is assuming they don’t spend money on further acreage. I’m not sure how much tax they would need to spend. That all seems pretty plausible as it’s a low risk development. At 1.0 c per share it seems to be pretty good value ie triple your money over 7 years. GLTAHs
So if everything goes as expected, at $70 usd per barrel and...
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