WTI is over $120.
Someone correct me if I am wrong, but for anyone panicking about options conversion in the next few weeks, and using figures from May 22 investor presentation, we are value at:
With all options converted, we have approx 4,998,000,000 shares on issue. At a price of 0.017 that gives us a value of $84,966,000.
We had $17,700,000 of cash and will obtain another $15,741,000 from conversion, putting the value of operations at (ie excluding cash) $51,525,000.
Now, given our cash flows and the current oil and gas price environment, this is a very cheap investment. Even with a share price of $0.034 (double the price now) we have an operation value of $136,491,000. Still presenting a value opportunity.
Again, correct me if I'm wrong.
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Last
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $62.04M |
Open | High | Low | Value | Volume |
1.2¢ | 1.3¢ | 1.2¢ | $49.23K | 4.082M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 1688605 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 32992505 | 35 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 1638605 | 0.012 |
35 | 37463381 | 0.011 |
12 | 16891820 | 0.010 |
9 | 5720014 | 0.009 |
2 | 185000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 32952505 | 34 |
0.014 | 21473997 | 17 |
0.015 | 5242782 | 11 |
0.016 | 3416438 | 13 |
0.017 | 10526445 | 6 |
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