I think 88E will announce official break even estimates within the next few weeks and that doubt that $35/bbl has been factored in. The next rerate will begin based in these numbers and it could make the first one look small.
What's a company with say 1 billion barrels recoverable worth when they can make $10/bbl? $20/bbl? etc. Current MC represents cents/bbl......
LSE tonight, page-1520
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $72.33M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $634 | 213.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 150 | 166689125 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 601425897 | 251 |
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| 88E (ASX) Chart |