Drilling to confirm our known Natural gas resources putting our market capitalization multiples undervalued as it stands at the moment. Also to confirm rumour all over Zimbabwe media of oil discoveries.
1 Trillion British Thermal Units is equivalent to 1.035 Billion cubic feet of natural gas converted.= (8.2Tcf / 1,000,000,000) / 1.035 = 7,923 x 1,000 = 7,923,000 MMBtu's
Natural gas price assumption-Moving average at $2.57 USD.= 7,923,000 MMBtu's x $2.57 = $20.3 Billion
Market capitalization $95 million??? Question is what will be the share price leading into Seismic and drilling. Return to risk is astonishing in our favour. If you hold now.
Drilling to confirm our known Natural gas resources putting our...
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Last
7.2¢ |
Change
-0.003(4.00%) |
Mkt cap ! $102.0M | |||
| Open | High | Low | Value | Volume |
| 7.3¢ | 7.4¢ | 7.2¢ | $85.13K | 1.172M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 739312 | 7.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.2¢ | 239496 | 2 |
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| Last trade - 13.46pm 17/07/2024 (20 minute delay) ? |
| IVZ (ASX) Chart |