88e is now believed to be sitting on 1.4B barrels of oil.Current market cap ATM is AUD 150MILLION
Just comparing 88e with other major players holding oil reserves like BP and ConocoPhilips
BP =10billion barels
EV value=USD $133BILLION
ConocoPhilips=4.7billion barrels
EV value=USD $94 BILLION
Canadian Natural Resources:3.5 billion barrels
EV value:USD $44 Billion
At AUD to USD exchange rates...88e is worth USD $113 Million
Just want to get some constructive views on what this means
http://247wallst.com/energy-business/2014/12/15/the-worlds-top-10-oil-companies/2/
Comparing 88e with other major players
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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¢ | $14.37K | 5.557M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 255 | 369532586 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 616504361 | 228 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| 88E (ASX) Chart |