Hi Gibbo
"French would be an asset" pretty well stamps it as being in Senegal. I think I'm right in saying we are furthest advanced of any Senegalese projects so my money is on it referring to us.
pj, you just knew I would have a crack:
> Three wells = one billion give or take 100m. I am very bullish on SNE, which I anticipate will blow people away, and believe Bellatrix will add a couple of hundred. (Be a big downer for Bellatrix to be dry in this climate.)
> Six wells: A total guess given we don't know targets. Assume one exploration (one of the Pakistani openers?), a further appraisal/production well on SNE? and a test of goodness knows what play/s in the Fans? Again, I'm going big: I reckon we'll be over 1.5b by year's end ... assuming we're still around.
That would give FAR 225m in a hopefully rising OP environment. At, what? $US7 pb = $US1.575 billion @ say 65 cents = $AUD2.4 billion. Divide by four billion shares = 0.60 cents. That does not account for further Fan upside (probably huge), unexplored shelf prospects (seismic due mid year), Djiffere, GB (reprocessed seismic), et al.
I seriously think my $1.20 target is within reach, all going smoothly. Equally, I acknowledge I am probably the second-biggest optimist on here and that my guesses might be wildly inflated. I do know, though, that the JV has already significantly derisked our investment and that 7.7 cents is not even close to reflecting the value already created.
Please don't tell Mrs OOO but I snaffled another - last and final - 200k shares on Friday. The SP may now assume a steady upward trajectory.
OOO
PS: Can't wait for Aqua's predictions! pj, this exercise is fun, if pointless.
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48.5¢ |
Change
-0.010(2.02%) |
Mkt cap ! $44.81M |
Open | High | Low | Value | Volume |
49.0¢ | 49.8¢ | 48.5¢ | $170.0K | 347.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 83716 | 48.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.0¢ | 25472 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 83716 | 0.485 |
2 | 110000 | 0.480 |
1 | 100000 | 0.475 |
1 | 100000 | 0.470 |
1 | 50000 | 0.425 |
Price($) | Vol. | No. |
---|---|---|
0.490 | 25472 | 2 |
0.510 | 222895 | 5 |
0.515 | 103300 | 2 |
0.520 | 421965 | 4 |
0.525 | 100000 | 1 |
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