re: resourcefull Hi Sushi
The price of the gas would be around $1.35 per Megajoule which is the energy content but as they are reporting in cubic feet I don't know what the conversion is. One of the other posters reckons $20 m revenue if the next one comes in as well, perhaps he could enlighten us more.
They are so close to the existing infrastructure that it could be less than 2 months for hook up.
The other three wells should be online and adding to the bottom line as well..... I believe they are to the tune of at least 5000 BOPD, Arcs share 2500 BOPD = $50m+ revenue PA, not bad when the total sales revenue for Q1 06/07 was $28.9M.
EPS was calculated by a broker at 16.7c per share for 07 before the last 2 wells came in, even allowing for a bit of production decline it should be conseravtively now be approaching 18c. With such a massive exploration program a PE of 10 could be justified = $1.80 share price. I wonder what a decent exploration strike would do on top of that?
- Forums
- ASX - By Stock
- drilling update 6.1 mmcfd
re: resourcefull Hi Sushi The price of the gas would be around...
-
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 5GN (ASX) to my watchlist
|
|||||
Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $45.32M |
Open | High | Low | Value | Volume |
14.5¢ | 15.3¢ | 14.5¢ | $8.489K | 56.64K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 795255 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 112274 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 790255 | 0.145 |
4 | 410742 | 0.140 |
2 | 507407 | 0.135 |
2 | 506000 | 0.130 |
2 | 258007 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 108844 | 2 |
0.155 | 2049815 | 28 |
0.160 | 541747 | 12 |
0.165 | 194484 | 7 |
0.170 | 116494 | 3 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
5GN (ASX) Chart |