I calculate Jeruk is worth about 60c to CUE
Assuming $75M total well costs (2 deep wells, a couple of sidetracks and few production tests), back-in premium as announced by CUE, 400 million barrels recoverable (do your sums on the announced depths of top reservoir and DST-3 also no gas cap), so 60 million barrels net to CUE, and a $5/bbl profit after development costs.
Just look what Chinguetti and Tiof worth to HDR, those are much smaller fields and they are in deepwater.
jeruk oil discovery
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10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $73.32M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 10.0¢ | $762 | 7.618K |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 232237 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 155266 | 4 |
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