lol....Whilst OGPs' work was absolutely stunning, I can't help marvel at the speed & ease of getting a fairly detailed response from different AI engines.
Would be amazing to see what a combination of OGPs inputs and AI prompts could result in!
Here's another interesting result from Perplexity this time (*as always, DYOR, not advice etc etc):
Prompt:What is nett value in $AUD and represent that nett value in share price terms for ASX:EXR given current 1.4billion shares on issue (and anticipated future 1.7billion shares on issue) and current share price of 2.9c, given 2.6tcfe of 2C natural gas contingent resource, using Wallumbilla Hub price of $10/GJ as reference, then- compare ASX: EXR to ASX:OMA (Omega Oil & Gas has 1.7tcf at 2C of natural gas contingent resource with 343,127,205 shares on issue and a current 30c share price) in terms of potential under value in share price, assuming a 20% recovery for contingent resource
Response:Here is the calculation using aWallumbilla Hub price of $10/GJ, and assuming only20% of the 2C contingent resource is recoverable(for both EXR and OMA). This approach reflects a more realistic, risk-adjusted "net value" for early-stage resource projects.
1. Net Value Calculation for ASX:EXR (Elixir Energy)
2C Contingent Resource:2.6 tcf
Shares on Issue:1.4 billion (current), 1.7 billion (anticipated future)
Current Share Price:$0.029 AUD
Wallumbilla Hub Price:$10/GJ
Conversion:1 tcf ≈ 970 million GJ
Recovery Factor:20% (only 20% of resource is assumed recoverable)
Calculation:
Recoverable Resource:2.6 tcf × 20% =0.52 tcf
Recoverable GJ:0.52 × 970 million GJ ≈504 million GJ
Net Resource Value:504 million GJ × $10/GJ =$5.04 billion AUD
Net Resource Value per Share (current):$5.04 billion / 1.4 billion =$3.60 per share
Net Resource Value per Share (future):$5.04 billion / 1.7 billion =$2.96 per share
2. Net Value Calculation for ASX:OMA (Omega Oil & Gas)
2C Contingent Resource:1.7 tcf
Shares on Issue:343,127,205
Current Share Price:$0.30 AUD
Wallumbilla Hub Price:$10/GJ
Recovery Factor:20%
Calculation:
Recoverable Resource:1.7 tcf × 20% =0.34 tcf
Recoverable GJ:0.34 × 970 million GJ ≈330 million GJ
Net Resource Value:330 million GJ × $10/GJ =$3.30 billion AUD
Net Resource Value per Share:$3.30 billion / 343.1 million ≈$9.62 per share
3. Comparison Table
| Company | 2C Resource (tcf) | Shares on Issue | Current Share Price | Net Resource Value ($AUD) | Net Resource Value per Share ($AUD) |
|---|
| EXR | 2.6 | 1.4 billion | $0.029 | $5.04 billion | $3.60 (current) / $2.96 (future) |
| OMA | 1.7 | 343.1 million | $0.30 | $3.30 billion | $9.62 |
4. Interpretation
Both companies are trading at a very small fraction of their net resource value per share, even with a conservative 20% recovery factor.
EXR:
Net resource value per share:$3.60 (current shares) or $2.96 (future shares)
Current share price:$0.029 (0.8% of net value per share at current shares)
OMA:
Net resource value per share:$9.62
Current share price:$0.30 (3.1% of net value per share)
5. Key Takeaways
Both ASX:EXR and ASX:OMA are deeply undervalued on a net resource value basis, even after applying a conservative 20% recovery factor.
ASX:OMA’s current share price is a higher percentage of its net resource value per share than EXR’s, suggesting OMA is less discounted relative to its recoverable resource value.
ASX:EXR’s current share price is an even smaller fraction of its net resource value per share than OMA’s, but this does not necessarily mean it is more undervalued—it could reflect higher perceived risk, less advanced projects, or other market factors.
Summary Table
| Company | Net Resource Value per Share ($AUD) | Current Share Price ($AUD) | % of Net Value per Share |
|---|
| EXR | $3.60 (current) / $2.96 (future) | $0.029 | 0.8% (current) |
| OMA | $9.62 | $0.30 | 3.1% |
(20min delay)