And we should all remember that STO has to make a payment to former Quadrant owners (as per their sales contract) on the basis of what the volume of Dorado is.
So it was in their (STO) interest to be conservative with the volume estimates.
I think CVN management probably saw this coming. Its probably why they went out to get an external party to review it.
The good news is the difference is only about 10%, a statistical variation that is acceptable by outside parties trying to value our Dorado discovery.
Any way, I think its safe to use a number between CVN and STO - probably 327M boe (an average of the two figures).
Dorado Upgrade / STO Call, page-14
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Last
15.8¢ |
Change
0.003(1.61%) |
Mkt cap ! $286.2M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.8¢ | $55.70K | 349.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 266185 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 461594 | 10 |
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| Last trade - 11.32am 27/09/2024 (20 minute delay) ? |
| CVN (ASX) Chart |