We have all seen the recent explosion of BUY's price on the back of its play off the coast of Sydney.
There estimates suggest that they have 16.3TCF in there PEL 11 tenement.
Now, given that MEC has since acquired an 85% stake in the the project BUY's interest falls back to 15% and on that basis, at best 2.5TCF. I havent even included a recovery factor here.
Now, Bounty's price is currently hovering at around 11c.
We have since been granted the licences to ATP840 and ATP904. The potential GIP, Gas in place, for these leases is 8.2TCF, using ROG's recovery factor of 60% that's a recoverable resource of 4.9TCF.
Our share price is 3.7cps - Bounty's 11.5cps.
Yes I know Bounty have other operations, but it makes you wonder...
rog in comparison to buy
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $27.11M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $14.29K | 3.572M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 10955444 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 60557983 | 105 |
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| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| ROG (ASX) Chart |