This post by Kordon deserves it's own heading!!! and a bit of tidying up
OBL look like moving to 75% Derby Block - Comparison with BRU's trading multiples are attached for your review
BRU share price $0.88
Mar Cap $262.7M
Net cash $40.0M
EV $222.7M
BRU Net Resources
Reported P50 47 Tcf
Reported Mean 43 Tcf
Comco Multiples
EV / P50$4.74 $M per Tcf
EV / Mean $5.18 $M per Tcf
OBL re-rating metrics
Upside Interest in Derby75%
Net P5014.0Tcf
Net Mean 23.4Tcf
EV - P50 Comco $66.4
EV - Mean Comco $121.2 Average $93.8 M
OBL TSO763.768 ordinaries
Indicative OBL valuations$0.12 net 75% $0.06 net 37.5% PLUS Cyrano, Backreef and Gippsland and conservative.
OBL Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
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