I think it’s more like $60m as a break even when you think about the capital raise of $20m that was done which largely funded blackspur wells too.
if it was a black spur only sale - I would think this needs to be at least $120m to make it worthwhile. Capital return plus 100% for the risk of taking on an essentially bankrupt black spur back when oil price was closer to $30
im sincerely hoping this is a 100% acquisition at 30c
I think it’s more like $60m as a break even when you think about...
-
- There are more pages in this discussion • 2 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 CE1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.0¢ |
Change
0.004(66.7%) |
Mkt cap ! $6.334M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 1.0¢ | 0.7¢ | $247.9K | 33.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 555555 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 1070684 | 8 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| CE1 (ASX) Chart |