$1 makes this a 3.5 billion dollar market cap. 30 percent shares so your saying the discovery is a 12 billion dollar market cap, valued one third of BHP on one well that produces 1000-2000 barrels a day of oil which makes the company an annual revenue of 17 million dollars of which after expenses they profit 5-6 million dollars.
So an annual profit of 5-6 million dollars the company is worth 3.5 billion dollars when oil companies are valued 7 times EBITA which is 7 times 5 million which is a 35 million market cap which means current 220 million market cap is heavily overvalued. Nice good post, keep the ramping going
Cuba Block 9: Operations Update 31 May 2024, page-237
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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