thats right mick
they thought 7bcf, now saying 30bcf
which I have included already in my valuation, as i said, assumes all wells are 100% successful.
then when you factor in all this money is not going to be profit, they have a $1.5mil debt, they have probably already got a $15mil loss from all the money wasted in the chalk play, and that they will probably spend about $15mil running the office doors over next 10 years. Current price is actually fair value.
now they need a big find, and cash.
I want to hear there is still a chance for 2.8mm bbl oil and 118bcf in moeller formation and they are going to drill in the right spot before I get excited again.
thats right mickthey thought 7bcf, now saying 30bcfwhich I have...
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BUR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
10.0¢ |
Change
-0.010(9.09%) |
Mkt cap ! $15.03M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $53.59K | 532.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 150000 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 25000 | 1 |
View Market Depth
| Last trade - 14.26pm 06/09/2024 (20 minute delay) ? |
| BUR (ASX) Chart |