CE1 oil is valued in WCS, not WTI. It is currently trading around ~US$60 not US$85. Also, I believe 40% of that 1P BoE is gas, which is only worth around a quarter of real oil.
Also, valuation should include operational cost (drilling, royalties, etc). My optimistic thumbsuck at current oil price is ~$10 per BoE. Minus management costs, the 1P is probably worth ~US$70m with 10% discount rate.
Of course, if management pulled another Montney, it may as well be worth ~AU$12m.If we are lucky.
CE1 oil is valued in WCS, not WTI. It is currently trading...
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Mkt cap ! $5.067M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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