Macbank price target 160 - Valuation 1.75 excludes Wa farm down so add 10 cents to above
Hartleys price arget 160 - valuation 2.00
Patersons target price 137 valuation 1.37 excludes WA 351 farm down add 10 cents values Manora at 54 million 7.5$ per barrel and Zola haevily discounted
Creditsuise Target 1.06 Valuation 1.18 little value for Zola and Manora oil ( manora oil valued at 7 per barrel) excludes Zola value totaly
The valuation ranges very based on thre variables
1. whether WA351 farmout included
2. Value of oil per barrel in Maonora range 7-15
3. Zola from zero 45 cennts pr share altough upside values are all higher but not included
In summary if they all imcluded a mid point for Zola, WA351 farmout and an NPV above 10 for Manora all valuations would be double todays share price and higher
In addition no value given to Brunei assets which in my view will realise a few million
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