Hard to see how it could be 10c -unrisked-. After risking that would be a value of maybe 4-5c, which is a value to JKA of about $10M, or 60c a barrel at 17 MMbbls (exluding PSC as previously discussed).
That seems a bit low to me, for a proven play where reservoir is the only critical risk?
- Forums
- ASX - By Stock
- JKA
- extract from dragon oil statement 23/10/12
extract from dragon oil statement 23/10/12, page-4
Featured News
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares