Your estimate of ~ 11.5c shareprice for just the 1P oil reserves is on the money VOGC.
The 1P reserves for the combined assets net to SGC is nearly 6.5 million barrels.
As you have mentioned this doesn't even factor in the 2P and 3P reserves.
The 2P reserves is now over 11 million barrels.
The 3P reserves is nearly 15 million barrels just based on the last acquisition.
These are some serious numbers being added to the SGC bottom line and the balance sheet.
As GJ mentioned in the interview yesterday SGC are 'reserves rich', the market will stand up and take notice at some stage.
Estimates of value (A$/S) for current 1P Oil & Gas Reserves, page-9
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Mkt cap ! $5.458M | |||
| Open | High | Low | Value | Volume |
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