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0.3¢ austin exploration limited

Some posts are so lacking in reality they are truly not worth...

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20,536 Posts.

2049

27/07/16

16:32

Post #: 18380385
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Originally posted by Sector Lead ↑

Based on a 10% NPAT Cmon, and that's being generous as they never turned a profit let alone CFP in a decade, even with $100+ oil and 4 "feilds"

But lets humour.

To make $5m NPAT or say 10% net profit at roughly $4bbl (after rocky discount) would require the 3 wells to produce 1.25 million barrels per annum.

Using a PE suggests this is achieveable, let alone sustainable but given shale it's mathematically impossible with decline rates.

Be lucky to produce those figures over lifetime (EUR)

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Some posts are so lacking in reality they are truly not worth relying to.
Disallowed = 70 market cap and about 110m fully diluted lol
100 Bagger 700m market cap and 1.1 b fully diluted ( no sentiment or abbreviation to express the ridiculousness of that comment )

results probably a couple of weeks ago - be prepared for a TH before they are released for maximum affect

AKK Price at posting: 0.7¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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