Hi @afawcett I am just trying some back of envelope numbers of the A1 discovery and are struggling as the numbers do get so large and I had to google what a billion looked like numerically...
Is the potential multiple you mentioned X5-10 is that using a combination of possible upgrades to oil in place and recovery rates? As that is what I have assumed. If it is and based on McDaniels estimate of 267M recoverable, that means between 1.335B and 2.67B, potentially recoverable. If I then use an in ground value of $15 per barrel then I come up with between $5.94 and $11.88 a share based on 3.37B shares on issue.
Am i missing something as these are big numbers? Thanks in advance.
Hi @afawcett I am just trying some back of envelope numbers of...
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