Annoyed that they farmed down our stake in the Canning basin by 6%. ARC got a screaming bargain here imho.
The risked value for a 6% stake in Valentine alone is conservatively worth around $4.3m by my quick calc's (6% of 1 TCF = 60 BCF @ A$0.80/mcf = $48m with a 9% POS = $4.3m). So we swapped a risked value of $4.3m (or $48m unrisked) for about $200k of drilling costs.
How could you possibly justify this?
Annoyed that they farmed down our stake in the Canning basin by...
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add EMR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.76 |
Change
-0.090(2.34%) |
Mkt cap ! $2.490B | |||
| Open | High | Low | Value | Volume |
| $3.82 | $3.82 | $3.75 | $9.452M | 2.495M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 33515 | $3.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.77 | 10607 | 1 |
View Market Depth
| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| EMR (ASX) Chart |