EPE enterprise energy limited

discovery at yellowbank!!!!!!!!!!!!!!!!!!!!, page-3

  1. goldbug
    1,451 Posts.
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    01/11/04
    10:46
    Post #: 636255
    using blackoils formula for LGOs part of yellowbank. assuming 5mmbls @ 11% = 0.55mmbls @ AUD$15 = AUD$8.25 million. LGO scrip fully diluted @ 172 million = 4.8c per share. so if underlying LGO was trading at 2.2c on friday, then a 5mmbl strike would be adding roughly 4.8c of value to equal around......... 7 cents per share. therefore using blackoils calcs, approximately 136% upside for EPE on a yellowbank strike vs 218% upside for LGO. this about right?
    EPE Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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