When I considered the metrics it was an agressive bookbuild range of about $1.90 to $2.30. With 400 million shares and the propsed borrowings it gave an enterprise value of over $1 billion.
With a P50 of 40 million barrels in Montaro and 6 million in Skua for say 50 million barrels it came up with a capital cost of $20/barrel.
If the book build came up at $1.70 this still gave the vendors $340 million for a deal with a long lead time and a number of risks.
When I considered the metrics it was an agressive bookbuild...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add OIL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
20.0¢ |
Change
0.005(2.56%) |
Mkt cap ! $167.0M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 20.5¢ | 19.0¢ | $15.38K | 77.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 160 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 500000 | 1 |
View Market Depth
| Last trade - 15.57pm 09/08/2024 (20 minute delay) ? |
| OIL (ASX) Chart |