ELK elk petroleum limited
Add to My Watchlist 0.00% ! 1.4¢

reckon fair value at present should $1.30ps, based on 10% of the...

  1. charliethebull
    403 Posts.
    clock Created with Sketch.
    07/05/08
    10:52
    Post #: 3677844
    reckon fair value at present should $1.30ps, based on 10% of the 3P certification.
    At $1.30 our market cap is 80mil
    Estimated reserve value- 19mil barrels of oil @ $85 is 1.6billion
    10% of 1.6 bil= 160 mil divided by (JV) %50 gives us $80 mil MC
    (estimation not including any capex or opex)

    Any thoughts?

    cheers ctb
    ELK Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

AII A critical metal, a broken supply chain, surging demand, and a Western producer ready to deliver
right-arrow Created with Sketch.
NEWS The biggest ASX director trades from the last week
right-arrow Created with Sketch.
NEWS Southern Silver Exploration: Unlocking value at Cerro Las Minitas amid rising metal prices
right-arrow Created with Sketch.
NEWS First assay results returned from ongoing drilling at Gold Duke Project
right-arrow Created with Sketch.
NEWS High-grade silver intercepts confirmed at Kempfield Project
right-arrow Created with Sketch.
NEWS ANSTO continuous piloting confirms exceptional rare earth recoveries
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.