harley's extract :
For illustration purposes, the Creole lead is estimated to have mean potential for
5.4 billion barrels of oil in place. If we assume 40% recovery and $15 per barrel
value, then this implies upside potential in the case of a discovery (WHN 30%
working interest post farmout) of 612cps or 170 times return on the current share
price. Risking this at 8.5%, the average probability of success estimated by ISIS,
would imply risked value of 44cps (vs our conservative estimate of 6cps).
Farm-In
harley's extract :For illustration purposes, the Creole lead is...
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.153M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8600 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 49608 | 1 |
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| Last trade - 10.15am 01/08/2024 (20 minute delay) ? |
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